P10-10 (similar to) s Question Help Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $94,000. 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 a. the sales price was $32,000? b. the sales price was $29,365.60? c. the sales price was $20,000? Data Table a. If the sales price is $32,000, what is the after-tax cash flow? MACRS Fixed Annual Expense Percentages by Recovery Class (Round to the nearest cent.) Click on this icon to download the data from this table Year 1 2 3 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% 18.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 6.55% 6.55% 3.28% 9 10 Print Done