Your company bought a piece of machinery for $100,000, and depreciated it using a 7 year

MACRS approach. However, after 3 years your company sold the machinery for $50,000.

Compute the after-tax gains or losses your company makes on this sale. Assume a tax rate of

21%. The value you enter for an answer below (whether positive or negative) would be the value

that you would enter for Gains tax on the Cash Flow Statement.