Question: In early January 2004, Express Scripts purchased and installed a computer system that was classified as a 5-year MACRS class for tax purposes. The equipment

In early January 2004, Express Scripts purchased and installed a computer

In early January 2004, Express Scripts purchased and installed a computer system that was classified as a 5-year MACRS class for tax purposes. The equipment cost $3.5 million. At the end of 2007, the company sold the system for $950,000. If Express Scripts was in the 34% tax rate, what were the after-tax proceeds to Express Scripts of selling this equipment at the end of 2007? $345,200 O $604,800 O $117,368 O $832,632 $895,200

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