In: Finance
Zippy Corporation just purchased computing equipment for
$27,000. The equipment will be depreciated using a five-year MACRS
depreciation schedule. If the equipment is sold at the end of its
fourth year for $10,000, what are the after-tax proceeds from the
sale, assuming the marginal tax rate is 35 percent.
(Round answer to 2 decimal places, e.g.
15.25.)
After-tax proceeds | $ |