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Hunter's Lodge purchased $612,000 of equipment four years ago. The equipment is seven-year MACRS property. The firm is selling this equipment today for $174,500. What
Hunter's Lodge purchased $612,000 of equipment four years ago. The equipment is seven-year MACRS property. The firm is selling this equipment today for $174,500. What is the aftertax cash flow from this sale if the tax rate is 34 percent? The MACRS allowance percentages are as follows, commencing with Year 1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent. WHICH answer is correct?
$187,407.35
$180,174.19
$198,410.18
$168,825.81
$176,610.81
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