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 $$32,000?$

b$.$ the sales price was $$29,053\mathrm{.}20?$

c$.$ the sales price was $$21,000?$

Data table

MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table

$\backslash$table$[[$Year$,3-$Year,$5-$Year,$7-$Year,$10-$Year$],[1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%,10\mathrm{.}00\%$