Cost recovery. Jake Richards sold the tree trimmer (see Problem 8) after four years of service....

 

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Cost recovery. Jake Richards sold the tree trimmer (see Problem 8) after four years of service. If MACRS was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (continue to use a 40% tax rate) if a. the sales price was $35,000? b. the sales price was $28,428.40? c. the sales price was $21,000? Cost recovery. Jake Richards sold the tree trimmer (see Problem 8) after four years of service. If MACRS was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (continue to use a 40% tax rate) if a. the sales price was $35,000? b. the sales price was $28,428.40? c. the sales price was $21,000?