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Use the table below to answer this question 1 MACRS 5-year property Year Rate 20.00% 2 32.00% 2 19.20 4 11.52% 5 11.52% 6 5.76%

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Use the table below to answer this question 1 MACRS 5-year property Year Rate 20.00% 2 32.00% 2 19.20 4 11.52% 5 11.52% 6 5.76% Ronnie's Custom Cars purchased some fixed assets two years ago for $65,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered 544 500 for his old assets. What is the after tax salvage value the accepts the offer and tax rate is 34 percent? $39.978.00 $44,500.00 $34,363.92 $37,693.20 $40,800.00 888 30 % 5 & 7 # 3 9 8 0 6 4 2 P Y O U T E 70 Q tab G F H D S caps lock M

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