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. Which one of the following statements is correct if your tax rate is 35 percent?

A.	The book value today is $186,120.
B.	The accumulated depreciation to date is $38,880.
C.	The taxable amount on the sale is $38,880.
D.	The aftertax salvage value is $70,158.

Please show work, thank you!

MACRS 5-year property year 1 2 3 4 5 6 Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76%