Question
You purchased an asset exactly one year ago for $75,000.You have been depreciating it under the MACRS three-year schedule (assume these depreciation percentages: Yr 1:
You purchased an asset exactly one year ago for $75,000.You have been depreciating it under the MACRS three-year schedule (assume these depreciation percentages: Yr 1: 33.3%, Yr 2: 44.5%, Yr 3: 14.8%, and Yr 4: 7.4%).You have an offer to sell this asset for $65,000.Your tax bracket is 30%.What will be your cash flow after taxes?
Can someone please help me with this?
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
