A company bought a machine for 124000 what are the net, Financial Management

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A company bought a machine for 124000 what are the net

"A company bought a machine for $124,000. The machine was depriciated using a 5 year MACRS approach. After 4 years, the machine was sold at a salvage value of $75,500. Assuming a tax rate of 34%, what are the net proceeds from the sale of the machine?

(Hint: You will want to take your salvage values and add/subtract gains due to the sale.)"

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Financial Management: A company bought a machine for 124000 what are the net

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