Question: Use the table below to answer this question. MACRS 5-year property Year Rate 20.00% 32.00% 19.20% 11.52% 11.52% 576% 2 3 4 5 6 Ronnie's

Use the table below to answer this question. MACRS 5-year property

Use the table below to answer this question. MACRS 5-year property Year Rate 20.00% 32.00% 19.20% 11.52% 11.52% 576% 2 3 4 5 6 Ronnie's Custom Cars purchased some fixed assets two years ago for $125,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $64,500 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent? O $60,000.0o O $64,500.00 O $54,810.00 O $62,970.00 $49,914.00

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