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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 40% tax rate)

MACRS Fixed Annual Expense Percentages by Recovery Class

Year

3-Year

5-Year

7-Year

10-Year

1

33.33%

20.00%

14.29%

10.00%

2

44.45%

32.00%

24.49%

18.00%

3

14.81%

19.20%

17.49%

14.40%

4

7.41%

11.52%

12.49%

11.52%

5

11.52%

8.93%

9.22%

6

5.76%

8.93%

7.37%

7

8.93%

6.55%

8

4.45%

6.55%

9

6.55%

10

6.55%

11

3.28%

A.the sales price was $15,000? B.the sales price was 9,000? C. the sales price was 3,000?

a. If the sales price was 15,000, what would be the after-tax cash flow? (Round to the nearest cent.)b. If the sales price was $9,000,what would be the after-tax cash flow? c.If the sales price was $3,000,what would be the after-tax cash flow be?(Round to the nearest cent.)

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