AP Company purchased a Machine at cost of $150,000 on Jan 1, 2015. This machine falls under MACRS 5-Year property. AP pays tax at 38%. This machine was sold on Dec 31, 2018 at $32,000. What is the after-tax salvage value? Relevant Depreciation Table Dep Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 11.52% 6. 5.76% a) $29,689.60 b) $25,920.00 c) $19,840.00 d) $23,123.20

AP Company purchased a Machine at cost of $150,000 on Jan 1, 2015. This machine falls under MACRS 5-Year property. AP pays tax at 38%. This machine was sold on Dec 31, 2018 at $32,000. What is the after-tax salvage value? Relevant Depreciation Table Dep Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 11.52% 6. 5.76% a) $29,689.60 b) $25,920.00 c) $19,840.00 d) $23,123.20

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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