Example: A car was purchased for $17,000 and can be depreciated as a 5-year property using MACRS.

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Example: A car was purchased for $17,000 and can be depreciated as a 5-year property using MACRS. Suppose tax rate is 34%. What is your after tax salvage value, if:

If you sell the car after 2 years for $4,000

If you sell the car after 4 years for $2,937.60

If you sell the car after 5 years for $3,000

Related Book For answer-question

Niebels Methods, Standards and Work Design

ISBN: 978-0073376318

13th edition

Authors: Andris Freivalds, Benjamin Niebel

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Posted Date: Nov 10, 2022 01:49 AM

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Example: A car was purchased for $17,000 and can be depreciated as a 5-year property using MACRS.

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Step 12 If you sell the car after 2 years for 4000 depre... View the full answer

Niebels Methods, Standards and Work Design

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