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What is the cash flow from disposal for reversing rapids co

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Reversing Rapids Co. purchases an asset for $172,715. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%.

Problem 1: The asset is sold at the end of year 4 for $10,007, what is the cash flow from disposal?

Problem 2: Calculate gain or loss on disposal.

Reference no: EM133008449

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