Economics A company purchased a piece of equipment for $175,000 and sells it after 3 years. The equipment is depreciated by the MACRS method using a five-year period. The annual maintenance cost of...


Economics<br>A company purchased a piece of equipment for $175,000 and sells it after 3 years. The equipment is<br>depreciated by the MACRS method using a five-year period. The annual maintenance cost of the equipment is<br>$3,000. If the equipment is sold at end of 3 years for a value of $100,000, what will be the taxes that has to be<br>paid from the sale of the equipment? Assume that the tax rate is 35%.<br>O $6790<br>O $11480<br>O $8136<br>O No taxis to be paid<br>

Extracted text: Economics A company purchased a piece of equipment for $175,000 and sells it after 3 years. The equipment is depreciated by the MACRS method using a five-year period. The annual maintenance cost of the equipment is $3,000. If the equipment is sold at end of 3 years for a value of $100,000, what will be the taxes that has to be paid from the sale of the equipment? Assume that the tax rate is 35%. O $6790 O $11480 O $8136 O No taxis to be paid

Jun 11, 2022
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