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Suppose you bought a computer for $5,000 three years ago. It is depreciated as a three-year property class, where the percentages are 33.33%, 44.44%, 14.82%, and 7.41% for years 1 through 4, respectively. Today, you sold the computer and had a tax bill of $54.08. If your tax rate is a flat 35%, what did you sell the computer for?
a. $1,564
b. $4,784
c. $525
d. $316
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The final step on a project is the close-out phase where all activities are to be terminated in a business-like fashion. From a contractual point of view, what is the prime consideration which must be determined at this time?
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