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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, Ewas us for the depreciation schedule, what is the after-tax cash flow from the sale of the truck (use a 40% tax rate) if a. the sales price was $16,000? b. the sales price was $9,000? c. the sales price was $5,000? a. If the sales price was $16,000, what would be the after-tax cash flow? (Round to the nearest cent.)
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