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The Galley purchased some 3-year MACRS property 1 years ago at a cost of $27,400. The MACRS rates are 33.33 percent, 44.44 percent, 14.82 percent,
The Galley purchased some 3-year MACRS property 1 years ago at a cost of $27,400. 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 $17,300.
What is the amount of the aftertax profit on the sale? Assume the firm ignores bonus depreciation and has a tax rate of 21 percent?
What is the amount of the aftertax profit on the sale? Assume the firm ignores bonus depreciation and has a tax rate of 21 percent?
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Taxable Gain Sale Price Cost Basis 17300 27400 10100 Depreciation Ex...
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Fundamentals of Engineering Economics
Authors: Chan S. Park
3rd edition
132775425, 132775427, 978-0132775427
