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The Galley purchased some 3 - year MACRS property 2 years ago at a cost of $ 2 7 , 0 0 0 . The

The Galley purchased some 3-year MACRS property 2 years ago at a cost of $27,000. The MACRS rates are 33.33 percent, 44.44 percent, 14.82 percent, and 7.41 percent. The firm no longer uses this property so is selling it today at a price of $17,100. Assume the firm ignores bonus depreciation and has a tax rate of 21 percent. What is the aftertax salvage value of this asset?
Aftertax salvage value = $
If The Galley had taken bonus depreciation, what would the aftertax salvage value of the sale be?
Aftertax salvage value with bonus depreciation = $

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