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Cubana Novelties will invest $100,000 today in machinery used to produce banners. The machine will be depreciated using 5-year MACRS (the percentages for years 1-6
Cubana Novelties will invest $100,000 today in machinery used to produce banners. The machine will be depreciated using 5-year MACRS (the percentages for years 1-6 are .20, .32, .192, .1152, .1152 and .0576, respectively. Cubana finds out after four years, that they can sell the machine for $50,000 and decides to sell the machine. What is the salvage value after tax on the sale if the tax rate is 21%. (Express your answer in thousands of dollars, i.e., if your answer is $41.6 thousand, type 41.6.)
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