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The Galley purchased some 3-year MACRS property 1 years ago at a cost of $24,400. The MACRS rates are 33.33 percent, 44.44 percent, 14.82

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The Galley purchased some 3-year MACRS property 1 years ago at a cost of $24,400. 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 $15,800. 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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