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Q4. MACRS Ronnie's Custom Cars purchased some fixed assets two years ago for $105,000. The assets are classified as 5-year property for MACRS. Ronnie is

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Q4. MACRS Ronnie's Custom Cars purchased some fixed assets two years ago for $105,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $54,500 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent

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