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Crafter's Supply purchased fixed assets 3 years ago at a cost of $51,000. It no longer needs these assets, so it is going to sell
Crafter's Supply purchased fixed assets 3 years ago at a cost of $51,000. It no longer needs these assets, so it is going to sell them today for $24,000. The assets are classified as 5-year property for MACRS. What is the after-tax cash flow from this sale if the firm's tax rate is 35 percent? Do not include the dollar sign ($). Round your answer to a whole dollar. (e.g., 4,132) MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76%
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