Cost recovery. Richardses' Tree Farm Inc. purchased a new aerial tree trimmer for $$91,000.$ 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 $$35,000?$

b$.$ the sales price was $$28,428\mathrm{.}40?$

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

a$.$ If the sales price is $$35,000,$ what is the after$-$tax cash flow?

$ $($Round to the nearest cent.$)$

b$.$ If the sales price is $$28,428\mathrm{.}40,$ what is the after$-$tax cash flow?

$ $($Round to the nearest cent.$)$

c$.$ If the sales price is $$21,000,$ what is the after$-$tax cash flow?

I $($Round to the nearest cent.$)$

Data table

MACRS Fixed Annual Expense Percentages by Recovery Class