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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

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 35% tax rate) if

a.the sales price was $36,000?

b.the sales price was $29,053.20?

c.the sales price was $20,000?

MACRS Fixed Annual Expense Percentages by Recovery Class

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to download the data from this table

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%

help me with all three parts

a.If the sales price is $36,000, what is the after-tax cash flow?

(Round to the nearest cent.)

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