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An equipment uses 3 years MACRS depreciation. The equipment was initially purchased for $10,000. After...

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Accounting

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An equipment uses 3 years MACRS depreciation. The equipment was initially purchased for $10,000. After 2 years use, the equipment was sold at $8,000. What is the Net Salvage Cash Flow when the equipment was sold? Tax rate is 20%. First year depreciation =33.33%. Second year depreciation is 44.45%. Third year depreciation is 14.81\%. Fourth year depreciation is 7.41%. $6755.52$8120.35$7532.14$5213.02

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