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Nautica Company purchased some fixed assets four years ago at a cost of $414,000. It no longer needs these assets, so it is going to
Nautica Company purchased some fixed assets four years ago at a cost of $414,000. It no longer needs these assets, so it is going to sell them today at a price of $96958. The assets are classified as 5-year property for MACRS. The MACRS table values .2000, .3200, .1920, .1152, .1152, and .0576 for Years 1 to 6, respectively. The corporate tax rate is 25%. What is the aftertax salvage value of the fixed asset? (Enter the result with two digits after the decimal point in the following format: 12345.67)
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