Ronnies custom cars purchased some fixed assets two years, Financial Management

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Ronnies custom cars purchased some fixed assets two years

Ronnie's Custom Cars purchased some fixed assets two years ago for $90,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $47,000 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent?

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Financial Management: Ronnies custom cars purchased some fixed assets two years

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