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The Galley purchased some 3-year MACRS property two years ago at a cost of $19.800. The MACRS rates are 33.33 percent, 44.44 percent, 14.82 percent,

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The Galley purchased some 3-year MACRS property two years ago at a cost of $19.800. 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 $13,500. What is the amount of the after-tax profit on the sale? Assume the firm has a tax rate of 21 percent. $9.140.48 $10,665.00 $8,295.00 $7,187.78 $10.702.40

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