If the equipment is sold at the end of its fourth year for

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Zippy Corporation just purchased computing equipment for $25,000. The equipment will be depreciated using a five year MACRS depreciation schedule. If the equipment is sold at the end of its fourth year for $11,400, what are the after tax proceeds from the sale, assuming the marginal tax rate is 35 percent. (round answer to 2 decimal places.)

Reference no: EM13569407

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