Solve 17.30

17.29 An asset was acquired by Hugo and Sons with the following values: first cost a $10,000, depreciable life of 5 years, and S=0. Use classical straight line depreciation and Te=48% to tabulate cash flow after taxes. Expected gross income minus expenses is $5000 per year. The asset is actually salvaged after 6 years for $3075. Assume the income and expenses continued at the same level for the year after complete depreciation. Salvage after 6 yrs for $3075 17.30 (a) Pe-solve Problem 17.29, using MACRS depreciation over a 5-year recovery period. (b) Is there any difference between SL and MACRS depreciation in the total CFAT for the 6 years? Why