Abc inc purchased some new machinery three years ago for, Ask an Expert

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ABC, Inc purchased some new machinery three years ago for $251,230. Today, it is selling this machinery for $43,333. What is the After-tax Salvage Value of the new machinery? Assume that the tax rate is 31%.

The MACRS allowance percentages are as follows, starting with Year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

Round off to two decimal points

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92318696

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