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Anthony, Ltd. purchases a machine for $15,000. This machine qualifies as a five-year recovery asset ...

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Anthony, Ltd. purchases a machine for $15,000. This machine qualifies as a five-year recovery asset ...

Anthony, Ltd. purchases a machine for $15,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed depreciation percentages as follows: year 1 = 20.00%; year 2 = 32.00%; year 3 = 19.20%; year 4 = 11.52%. Anthony has a tax rate of 33%. If the machine is sold at the end of four years for $4,000, what is the cash flow from disposal?
A) $2,592.00
B) $3,535.36
C) $3,408.22
D) $1,408.00

Textbook

Financial Management: Core Concepts

Edition: 2^nd

Author: Brooks

Read 540 times

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More solutions for this book are available here

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stranahan Author

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Thank you for the help. I had a few questions on a few of them and this really confirmed my answers.

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thank you

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Brett C.

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Thank You

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Thanks

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