Three years ago, Girston Gravel Pit purchased a material conveyor system. The company has decided to sell the system and acquire more advanced technology. Data relating to the existing system follow.

Current fair value	$70,300
Original cost	188,100
Current book value for tax purposes	34,200
Current book value for financial accounting purposes	66,500
Corporate tax rate	30%

a. How much depreciation has been taken on the conveyor system for (1) tax and (2) financial accounting purposes? (1) Tax depreciation $? (2) Financial accounting depreciation? b. What will be the after-tax cash flow from the sale of this asset? $ c. What will be the after-tax cash flow from the sale of the asset if its fair value is $17,100 rather than $70,300? $