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Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $87,000. It is classified...

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Finance

Richardses' Tree Farm, Inc. purchased a new aerial 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, 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 $32,000

B. The sales price was $27,178.80

C. The sales price was $20,000

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