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You own some equipment that you purchased 4 years ago at a cost of $225,000. The equipment is 5-year property for MACRS. You are considering

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You own some equipment that you purchased 4 years ago at a cost of $225,000. The equipment is 5-year property for MACRS. You are considering selling the equipment today for $87,000. What is the After-Tax Salvage Value if your tax rate is 35 percent? Find your answer to the nearest $. Note: you are trying to sell the property after 4 years. MACRS 5-year property: Year Rate %

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