Question: 14. Use the table below to answer this question. MACRS S-year property Year Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 3 4 5 Ronnie's Custom

14. Use the table below to answer this question. MACRS S-year property Year Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 3 4 5 Ronnie's Custom Cars purchased some fixed assets two years ago for $45,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology.Ronnic has been offered $22,000 for his old assets. What is the after tax salvage value if he accepts the offer and tax rate is 34 percent? a. $22,000.00 b. $21,864.00 c. $16,870.08 d. $21,048.00 e. $19,200.00

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