30. Afirm has just completed a 5-year project and sold the equipment for $3,800. The...
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30. Afirm has just completed a 5-year project and sold the equipment for $3,800. The equipment was purchased 5 years ago for $26,000. The firm depreciated the equipment using the accelerated depreciation (MACRS) schedule given below: Years MACRS 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% What are the after-tax proceeds from the sale of the equipment, assuming the tax rate is 35.00%? $2,814 $3,114 $2.754 $2.994 $2.470
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