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Suppose you bought a computer for $5,000 three years ago. It is depreciated as a three-year property class, where the percentages are 33.33%, 44.44%, 14.82%,
Suppose you bought a computer for $5,000 three years ago. It is depreciated as a three-year property class, where the percentages are 33.33%, 44.44%, 14.82%, and 7.41% for years 1 through 4, respectively. Today, you sold the computer and had a tax bill of $54.08. If your tax rate is a flat 35%, what did you sell the computer for?
$1,564 $4,784 $525 $316
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