Question
A company invests $25,173 in new machinery, which was depreciated using the five-year MACRS schedule shown above. If the company sold the machinery immediately
A company invests $25,173 in new machinery, which was depreciated using the five-year MACRS schedule shown above. If the company sold the machinery immediately after the end of year 3 for $11,875, what is the after-tax salvage value from the sale, given a tax rate of 24%? Enter your answer in dollars and round to the nearest dollar. MACRS Depreciation Rate Year 1 20% Year 2 32% Year 3 Year 4 Year 5 19.2% 11.52% Year 6 11.52% 5.76%
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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