Question: An asset falling under the MACRS five - year class was purchased three years ago for $ 2 0 0 , 0 0 0 (

An asset falling under the MACRS five-year class was purchased three years ago for $200,000(its original depreciation basis). Calculate the cash flows if the asset is sold now at
a. $60,000
b. $80,000
Assume the applicable tax rate is 25 percent.
 An asset falling under the MACRS five-year class was purchased three

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