What is after tax proceeds from the sale

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A company purchased a main frame computer for $50,000, 3 years ago. The computer is depreciated using MACRS depreciation method with a 3-year recovery period to an assumed salvage value of zero. MACRS depreciation rates are 33.33, 44.45, 14.81, and 7.41 %. The computer is sold for $10,000. What is after tax proceeds from the sale of this computer if the marginal tax rate is 35 percent?

Reference no: EM132390698

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