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:) Question 4 2 pts 3 years ago your company bought a machine for $32,000. The machine has been depreciated using a 7-year MACRS schedule.
:) Question 4 2 pts 3 years ago your company bought a machine for $32,000. The machine has been depreciated using a 7-year MACRS schedule. Today, your company sells the machine for $16,000. If the tax rate is 25%, what are the after tax proceeds from the sale of the machine? Here is the MACRS 7-year schedule: 1 2 3 4 5 6 7 8 14.29% 24.49% 17.49% 12.49% 8.93% 8.92% 8.93% 4.46% Round your answer to 2 decimal places
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