Cost recovery. Richardses' Tree Farm, Inc. purchased a new serial tree trimmer for $87,000. It...
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Cost recovery. Richardses' Tree Farm, Inc. purchased a new serial tree trimmer for $87,000. It is classified in the property class category of a single-purpose agricultural and horticultural structure. Then the company sold the tree trimmer after four years of service. If a seven-year life and MACRS. 3. was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 35% tax rate) if a. the sales price was $35.000? b. the sales price was $27.178.80? c. the sales price was $21.000? a. If the sales price is $35,000, what is the after-tax cash flow? (Round to the nearest cent.) b. If the sales price is $27.178.80, what is the after-tax cash flow? $ (Round to the nearest cent.) c. If the sales price is $21,000, what is the after-tax cash flow? $ (Round to the nearest cent.)
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