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Please add the explanation. 2. You purchase a machine for $12,000, depreciated straight-line to...

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Finance

Please add the explanation.

2. You purchase a machine for $12,000, depreciated straight-line to a salvage value of $2,000 over its 4 year life. If the machine is sold at the end of the third year for $6,000, what are the aftertax proceeds from the sale, assuming your tax rate is 34%?

A) $1,010

B) $3,510

C) $5,010

D) $5,490

E) $6,990

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