Crafters supply purchased some fixed assets 3 years ago at, Ask an Expert

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Crafter's Supply purchased some fixed assets 3 years ago at a cost of $51,000. It no longer needs these assets so it is going to sell them today for $21,000. The assets are classified as 5-year property for MACRS. What is the after-tax cash flow from this sale if the firm's tax rate is 35 percent? Do not include the dollar sign ($). Round your answer to a whole dollar. (e.g., 4,132)

MACRS 5-year property

Year Rate

1 20.00%

2 32.00%

3 19.20%

4 11.52%

5 11.52%

6 5.76%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92087028

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