Question
The company purchased some $39,000 of fixed assets two years ago that are classified as 5-year MACRS property. The MACRS rates are 20%, 32%, 19.2%,
The company purchased some $39,000 of fixed assets two years ago that are classified as 5-year MACRS property. The MACRS rates are 20%, 32%, 19.2%, 11.52%, 11.52%, and 5.76% for years 1-6, respectively. The tax rate is 34%. If the assets are sold today for $19,000, what will be the after-tax cash flow from the sales?
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
