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X P10-10 (similar to) Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree...

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X P10-10 (similar to) Cost recovery. Richardses' Tree Farm, Inc. purchased a new aerial tree trimmer for $94.000. 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, I was used for the depreciation schedule, what is the after-tax cash flow from the sale of the trimmer (use a 40% tax rate) if a. the sales price was $35,000? b. the sales price was $29,365.60? 0 Data Table c. the sales price was $20,000? a. If the sales price is $35,000, what is the after-tax cas MACRS Fixed Annual Expense Percentages by Recovery Class $ (Round to the nearest cent.) Click on this icon to download the data from this table Year 3.Yeur 33.33% 44.45% 14 81% 5-Year 20.00% 32.00% 19,20% 11.52% 11.52% 5.76% 7.41% 7. Year 14 29% 24.49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% 10-Year 10.00% 18.00% 14.40% 11.52% 9.22% 7379 6.55% 6.55% 6.55% 6.55% 328%

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