Rocky Top,Inc.purchased some welding equipment six years ago at a cost of $579,000.Today,the company is selling this equipment for $110,000.The tax rate is 35 percent.What is the aftertax cash flow from this sale? The MACRS allowance percentages are as follows,commencing with year 1:
14) 29,24.49,17.49,12.49,8.93,8.92,8.93,and 4.46 percent.
A) $81,380
B) $96,152
C) $98,635
D) $101,540
E) $110,000
Correct Answer:
Verified
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