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Three-year property class

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Reference no: EM131069959

Suppose you bought a computer for $5,000 three years ago. It is depreciated as a three-year property class, where the percentages are 33.33%, 44.44%, 14.82%, and 7.41% for years 1 through 4, respectively. Today, you sold the computer and had a tax bill of $54.08. If your tax rate is a flat 35%, what did you sell the computer for?

a. $1,564

b. $4,784

c. $525

d. $316

Reference no: EM131069959

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