6. Suppose you bought a machine for $65,000 and it is depreciated as a seven-year property class. The depreciation percentages are on the last page of the test. If you sell the machine for $22,000 after 3 years and the firm has a tax rate of 21%, what is tax ramification of the sell?

   1. A tax bill of $13,650

   2. A tax savings of $5,075

   3. A tax savings of $1,349

   4. A tax bill of $2,154