Kustom cars purchased a fixed asset two years ago for 39000, Financial Management

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Kustom cars purchased a fixed asset two years ago for 39000

Kustom Cars purchased a fixed asset two years ago for $39,000 and sold it today for $19,000. The assets are classified as 5-year property for MACRS. The MACRS table values are .2000, .3200, .1920, .1152, .1152, and .0576 for Years 1 to 6, respectively. What is the net cash flow from the salvage value if the tax rate is 35 percent?

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Financial Management: Kustom cars purchased a fixed asset two years ago for 39000

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Financial Management: Kustom cars purchased a fixed asset two years ago for 39000

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