Question 5(1 point)
Genetic Insights Co. purchases an asset for $13025. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1 2 3 4 5 and 6 are 14.29% 24.49% 17.49% 12.49% 8.93% and 8.93% respectively. Genetic Insights has a tax rate of 30%. The asset is sold at the end of six years for $3650.
Calculate After-Tax Cash Flow at disposal.Round the answer to two decimals.
Homework #7E (After-Tax cash flow from selling the old asset) 4
March 18th, 2019 admin