Find the net cash flow after tax resulting from the sale

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Reference no: EM13212802

On March 18, 2024 the Happydale Farm buys a new tractor that costs $17831 but it also costs $1424 for delivery and $3123 for the cultivating implements that are needed to make this ready for service. It is put into service on March 22, 2024 and it will be used until September 6, 2028 when it will be sold for $8571. Advertising and selling expenses to dispose of this old tractor and implements are $596 in 2028. Find the net cash flow after tax resulting from the sale of this used tractor in the year 2028 if the capital gains tax rate is 14 percent. The IRS classifies this tractor in the 7 year MACRS category and it is to be depreciated using normal (accelerated) depreciation. (Express your answer in dollars to the nearest cent and do not include non-numeric characters.) The Net Cash Flow after tax from the Salvage Value =

Reference no: EM13212802

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