Current Attempt in Progress Crane Corporation just purchased computing equipment for $16.500. The equipment will be depreciated using a five-year MACRS depreciation schedule. If the equipment is sold at the end of its fourth year for $11,000, what are the after-tax proceeds from the sale. assuming the marginal tax rate is 30 percent? (Round answer to 2 decimal places, eg. 5,275.25.) EXHIBIT 11.5 MACRS Depreciation Schedules by Allowable Recovery Period The MACRS schedule lists the tax depreciation rates that firms use for assets placed into service after the Tax Reform Act of 1986 went into effect. The table indicates the percentage of the cost of the asset that can be depreciated in each year during the period that it is being used. Year 1 is the year in which the asset is first placed into service. Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 1 33.33% 2 20.00% 14.29% 44.45 32.00 24.49 10.00% 5.00% 3.75% 18.00 9.50 7.22 3 14.81 19.20 17.49 14.40 8.55 6.68 4 741 11.52 12.49 11.52 7.70 6.18 5 11.52 8.93 9.22 6.93 5.71 6 5.76 8.92 7.37 6.23 5.29 8.93 6.55 5.90 4.89 4.46 655 5.90 4.52 6.56 5.91 4.46 Question 5 of 20 1 1 Question 1481 19.20 1749 14.40 1855 668 4 741 1152 124 1152 7.70 618 Question 1 1152 893 922 693 571 5.76 137 423 529 095 655 $90 489 446 633 5.90 452 656 5.01 448 655 5.90 446 Question 2 Question 3 Ang Question 4 Accounting 928 44 Viewing Qu 5.90 4.46 33 591 446 Question 6 3.00 44 Question 7 299 44 446 446 446 224 Question 9 Question 18 Question 11 Question 12 A Total 100.00% 10000 10000 10000% 100.00% 10000% DOLL