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You own some equipment that you purchased 3 years ago at a cost of $350,000. The equipment is 5-year property for MACRS. You are considering selling the equipment today for $123,000. Which one of the following statements is correct if your tax rate is (40%? initial : 350,000 MACRS 5-year property Year Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 0 straight line 350,000 - 123,000 w @ a. The tax due on the sale is $26,425 b. The book value today is $0 C. The accumulated depreciation to date is $329,840 d. The taxable amount at the sale is $22,200 e. The aftertax salvage value is $73,800 = 75,666.7 BV = 350,000-6175 (3) After taxi 123,000 - 0.4(1231