Business, 31.03.2020 04:05 Idontwantto1057

You own some equipment that you purchased four years ago at a cost of $287,000. The equipment is five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, .0576, for years 1 to 6, respectively. You are considering selling the equipment today for $99,000. Which one of the following statements is correct if your tax rate is 35 percent?
A. The tax due on the sale is $17,357.76.
B. The book value today is $49,406.40.
C. The accumulated depreciation to date is $270,468.80.
D. The taxable amount on the sale is $49,593.60.
E. The aftertax salvage value is $81,707.76.

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You own some equipment that you purchased four years ago at a cost of $287,000. The equipment is fiv...

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