QUESTION
80. Phil's Dinor purchased some new equipment 2 years ago for $89,500. Today, it is selling this equipment for $67,000.
Category: Business
Subject: Finance
Due Date: 02/03/2016
Question Asked: 2016-02-03 03:05:42
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80. Phil's Dinor purchased some new
equipment 2 years ago for $89,500. Today, it is selling this equipment for
$67,000. What is the aftertax cash flow from this sale if the tax rate is 35
percent? The MACRS allowance percentages are as follows, commencing with year
one: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.
A. $58,586
B. $63,421
C. $67,000
D. $70,938
E. $74,875
AVAILABLE ANSWERS
80. Phil's Dinor purchased some new equipment 2 years ago for $89,500. Today, it is selling this equipment for $67,000.
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Posted on 2016-02-03 03:05:42
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... the tax rate is 35 percent? The MACRS allowance percentages are as follows, ...
The full tutorial is about 56 words long.