Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $93,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS, LOADING... , was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if
a. the sales price was $36,000?
b. the sales price was $29,053.20?
c. the sales price was $21,000
Get Answers For Free
Most questions answered within 1 hours.