Question: Please help solve! I am missing a step. Thanks!! Problem 10.9 Your answer is incorrect. Try again. Zippy Corporation just purchased computing equipment for $19,000.

Please help solve! I am missing a step. Thanks!!

Problem 10.9


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Zippy Corporation just purchased computing equipment for $19,000. 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 $14,000, what are the after-tax proceeds from the sale, assuming the marginal tax rate is 35 percent.(Round answer to 2 decimal places, e.g. 15.25.) After-tax proceeds$

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