Question: Use the table below to answer thls question. MACRS 5-year property Year Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 3 5 6 Ronnie's Custom Cars

Use the table below to answer thls question. MACRS 5-year property Year Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 3 5 6 Ronnie's Custom Cars purchased some fixed assets two years ago for $75,000. 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 $39,500 for his old assets. What is the net cash fiow from the salvage value if the tax rate is 34 percent? O $39,500.00 O $38.310.00 O $36,0000o O $33,414.00 O $30,476.40

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