234k views
20 votes
Ronnie's Custom Cars purchased some fixed assets two years ago for $50,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $27,000 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent

User Passion
by
5.7k points

1 Answer

8 votes
ew don’t give a scrag
User Cheedep
by
6.1k points