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NOTE PLEASE ANSWER ALL PARTS OF THE QUESTION P10-10 (similar to) Question Help c Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree
NOTE PLEASE ANSWER ALL PARTS OF THE QUESTION
P10-10 (similar to) Question Help c Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $93.000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, E. was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 35% tax rate) if Data Table a. the sales price was $36.0007 b. the sales price was $29,053.20? c. the sales price was $20,0007 a. If the sales price is $36,000, what is the after-tax cash flow? (Round to the nearest cent.) MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table Year 1 2 3 4 3-Year 33.33% 44.45% 14.81% 7.41% 5-Year 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 7-Year 14.29% 24.49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% 5 6 10-Year 10.00% 16.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 6.55% 6.55% 3.28% 7 B 9 10 11 Print Enter your answer in the answer box and then click Check Answer. DoneStep by Step Solution
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