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I will upvote!! 1 pts Question 33 Afirm has just completed a 5-year project and sold the equipment for $3,200. The equipment was purchased 5
I will upvote!! 1 pts Question 33 Afirm has just completed a 5-year project and sold the equipment for $3,200. The equipment was purchased 5 years ago for $18,000. The firm depreciated the equipment using the accelerated depreciation (MACRS) schedule given below. Years MACRS 20.00% 1 12 32.00% 3 19.20% 14 11.52% 5 11.52% 16 5.76% What are the after-tax proceeds from the sale of the equipment, assuming the tax rate is 35.00%? $2,590 O $2,443 O $2,248 O $2.199 O $2,080
I will upvote!!
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