Business, 11.11.2020 18:00 cravens511peeelg

Custom Cars purchased some $39,000 of fixed assets two years ago that are classified as 5-year MACRS property. The MACRS rates are 20 percent, 32 percent, 19.2 percent, 11.52 percent, 11.52 percent, and 5.76 percent for Years 1 to 6, respectively. The tax rate is 34 percent. If the assets are sold today for $19,000, what will be the aftertax cash flow from the sale?

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Custom Cars purchased some $39,000 of fixed assets two years ago that are classified as 5-year MACRS...