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Tinker B's bought a $40,000 sewing machine. It was depreciated straight-line, 5 years to zero salvage. After 3 years Tinker B's sold the machine for

Tinker B's bought a $40,000 sewing machine. It was depreciated straight-line, 5 years to zero salvage. After 3 years Tinker B's sold the machine for $22,000. Tinker B's tax rate is 35%. What is the after tax proceeds form the sale?

		$18,332
		$19,900
		$22,000
		$24,100

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