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Cost recovery. Brock Florist Company bought a new delivery truck for $29,000. It was classified as a light-duty truck. The company sold its delivery truck
Cost recovery. Brock Florist Company bought a new delivery truck for $29,000. It was classified as a light-duty truck. The company sold its delivery truck after three years of service. If a five-year life and MACRS. was used for the depreciation schedule, what is the after-tax cash flow from the sale of the truck (use a 30% tax rate) if the sales price was $14,000? the sales price was $9,000? the sales price was $1,000? If the sales price was $14,000. what would be the after-tax cash flow? (Round to the nearest cent.) If the sales price was $9,000. what would be the after-tax cash flow? (Round to the nearest cent.) If the sales price was $1,000. what would be the after-tax cash flow? (Round to the nearest cent.)
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