13) Your company bought a piece of machinery for $80,000, and depreciated it using a 5-year MACRS approach. However, after 2 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%.
13) Your company bought a piece of machinery for $80,000, and depreciated it using a 5-year MACRS approach. However, after 2 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%.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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please include all work and have answer clearly written.
Not use excel
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