Question 23 (4 points) An equipment uses 3 years MACRS depreciation. The equipment was initially purchased for $10,000. After 2 years use, the equipment was sold at $8,000. What is the Net Salvage Cash Flow when the equipment was sold? Tax rate is 20%. First year depreciation=33.33\%. Second year depreciation is 44.45%. Third year depreciation is 14.81\%. Fourth year depreciation is 7.41%. $6755.52 $8120.35 $7532.14 $5213.02