(Answered) Abc company purchased a new machinery 4 years ago for 55213

Finance

ABC Company purchased a new machinery 4 years ago for $55,213. Today, it is selling this equipment for $28,655. What is the after-tax salvage value if the tax rate is 34 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.

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

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