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Crafter's Supply purchased some fixed assets 3 years ago at a cost of $47,000. It no longer needs these assets so it is going to
Crafter's Supply purchased some fixed assets 3 years ago at a cost of $47,000. It no longer needs these assets so it is going to sell them today for $22,000. The assets are classified as 5-year property for MACRS. What is the after-tax cash flow from this sale if the firm's tax rate is 30 percent? Do not include the dollar sign ($). 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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