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Cost recovery. ​Richards' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$87,000. It is...

Cost recovery. ​Richards' Tree​ Farm, Inc. purchased a new aerial tree trimmer for ​$87,000. 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 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

​$30,000​?

b.  the sales price was

$​27,178.80

c.  the sales price was

$20,000​?

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