O points earned

$4$ years ago, Agro, Inc., purchased an ACE generator that cost $$250,000.$ Argo had to pay an additional $$50,000$ for delivery and installation. The investment in the generator required the firm to increase its net working capital position by $$25,000.$ The generator is being depreciated over $5$ years using straight$-$line depreciation to zero. The firm sells the generator after the $4$ th year for $$75,000.$ Calculate the tax from the sale of this asset if the firm is in the $40\%$ tax bracket

$$30,000$

$$9,000$

$$6,000$

$$300$

$$24,000$