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What is the after-tax salvage value

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ABC, Inc purchased some new machinery three years ago for $185,185. Today, it is selling this machinery for $62,989. What is the After-tax Salvage Value of the new machinery? Assume that the tax rate is 23%.

The MACRS allowance percentages are as follows, starting with Year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM132367009

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