You own some equipment that you purchased 4 years ago at a c

Assignment Help Finance You own some equipment that you purchased 4 years ago at a c

Finance

You own some equipment that you purchased 4 years ago at a c

You own some equipment that you purchased 4 years ago at a cost of $225,000. The equipment is 5-… Show more You own some equipment that you purchased 4 years ago at a cost of $225,000. The equipment is 5-year property for MACRS. You are considering selling the equipment today for $87,000. Which one of the following statements is correct if your tax rate is 35 percent? A. The book value today is $186,120. B. The accumulated depreciation to date is $38,880. C. The taxable amount on the sale is $38,880. D. The aftertax salvage value is $70,158. Please show work, thank you! • Show less

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