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please consider answering more than one as they are multiple choice questions 15) You own some equipment that you purchased four years as at a
please consider answering more than one as they are multiple choice questions
15) You own some equipment that you purchased four years as at a cost of $287.000. The equipment is live-year property for MACRS. The MACRS rates are.2..32. 192. 1152.1152.0576, for Years I to 6, respectively. You are considering selling the equipment today for $105.000. Your tax rate is 24 percent and you claim no bonus depreciation Please answer the following questions (Q15-017) based on this information: Q15: What is the book value of the equipment today? A) $54,593.60 B) $13.357.76. O $270,468.80. D) $49,593.60. E) $49.406.40. 16) What is the tax due on the sale? A) The tax due on the sale is $13,297.54. B) The tax due on the sale is $55,406.40. C) The tax due on the sale is $49,593.60.. D) The tax due on the sale is $11,377.61. E) The tax due on the sale is $15.154.12. 17) What is the aftertax salvage value? A) $91,702.46 B) $49,406.40. $13,357.76. D) $54,593.60. E) $270,468.80 Step by Step Solution
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