Abc company purchased some new equipment 2 years ago for, Financial Management

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Abc company purchased some new equipment 2 years ago for

ABC Company purchased some new equipment 2 years ago for $143,130. Today, it is selling this equipment for $35,357. What is the aftertax cash flow from this sale if the tax rate is 29 percent? The MACRS allowance percentages are as follows, commencing with year one: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

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Financial Management: Abc company purchased some new equipment 2 years ago for

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