The Galley purchased some 3-year MACRS property 1 years ago at a cost of $42,400. 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 $14,600. 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 = $