What are the after-tax proceeds from the sale

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Reference no: EM132064963

Zippy Corporation just purchased computing equipment for $28,000. The equipment will be depreciated using a five-year MACRS depreciation schedule.

If the equipment is sold at the end of its fourth year for $12,000, what are the after-tax proceeds from the sale, assuming the marginal tax rate is 35 percent.

Reference no: EM132064963

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