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Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $93,000: It is classified in the property class category of a single-purpose

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Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $93,000: It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales price was $36,000? b. the sales price was $29,053.207 c. the sales price was $21,000? i Data Table a. If the sales price is $36,000, what is the after-tax cash flow? $ (Round to the nearest cent.) MACRS Fixed Annual Expense Percentages by Recovery Class Year 1 2 3 4 3 4 5 Click on this icon to download the data from this table 3-Year 5-Year 7-Year 10-Year 3.33% 20.00% 14.29% 10.00% 4.45% 32.00% 24.49% 18.00% 14.81% 19,20% 17.49% 14.40% 7.41% 11.52% 12.49% 11.52% 11.52% 8.93% 9 22% 5 .76% 8.93% 7.37% 8 .93% 6.55% 4.45% 6.55% 6.55% 6.55% 3.28% 6 7 8 9 0 18 2 E Enter your answer in the answer box and then click Check A

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