Describe the macrs allowance percentages

Reference no: EM131931293

Question: ABC Company purchased $138,075 of equipment 5 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $10,782. What is the After-tax Salvage Value if the tax rate is 37 percent? The MACRS allowance percentages are as follows, commencing with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.

Round off to two decimal points.

Reference no: EM131931293

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