Dennys corp purchased some fixed assets two years ago for, Financial Management

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Dennys corp purchased some fixed assets two years ago for

Denny’s Corp. purchased some fixed assets two years ago for $39,000. The assets are classified as 5-year property for MACRS. The firm is considering selling these assets now for a market price of $19,000. Assume a tax rate of 34%, the net cash flow from the salvage value is $_____________ [Round your answers to two decimals; do not use comma to separate the thousands]

MACRS 5-year property

Year Rate

1 20.00%

2 32.00%

3 19.20%

4 11.52%

5 11.52%

6 5.76%

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Financial Management: Dennys corp purchased some fixed assets two years ago for

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Financial Management: Dennys corp purchased some fixed assets two years ago for

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