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Excel work would be appreciated Question 6 0 / 1 pts A company bought a piece of equipment for $306,000. The company is using the
Excel work would be appreciated
Question 6 0 / 1 pts "A company bought a piece of equipment for $306,000. The company is using the 7 year MACRS property class to depreciate the asset for tax purposes. At the end of year 5, the company sold the equipment for $104,000. The tax rate is 21%. What is the tax that the company pays from the sale of the equipment? Enter your answer as positive number if it is a tax that the company pays. Enter your answer as a negative number if it is tax savings or a tax reduction for the company." You Answered 28,203.63 Correct Answers 4,634 (with margin: 46) Question 6 0 / 1 pts "A company bought a piece of equipment for $306,000. The company is using the 7 year MACRS property class to depreciate the asset for tax purposes. At the end of year 5, the company sold the equipment for $104,000. The tax rate is 21%. What is the tax that the company pays from the sale of the equipment? Enter your answer as positive number if it is a tax that the company pays. Enter your answer as a negative number if it is tax savings or a tax reduction for the company." You Answered 28,203.63 Correct Answers 4,634 (with margin: 46)Step by Step Solution
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