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How much was the cash outlay for the new equipment

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Question 1: Maz Corporation purchased equipment for $20,400. The equipment has an estimated life of six years and an estimated disposal value of $2,000, but for tax purposes the salvage value will be zero. Maz sold for $3,000 the old equipment that had an undepreciated cost of $2,500. Assuming a tax rate of 40-percent, how much was the cash outlay for the new equipment?

Group of answer choices

Option 1: $17,400

Option 2: $19,200

Option 3: $17,600

Option 4: $20,400

Reference no: EM132484762

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