A mixer was purchased two yearsago for $ 60726 and can be sold for$125,000 today. The mixer has beendepreciated using the MACRS 5-yearrecovery period and the firm pays 40 percent taxes on both ordinaryincome and capital gain. Find thebook value.

Appl Of Ms Excel In Analytical Chemistry
2nd Edition
ISBN:9781285686691
Author:Crouch
Publisher:Crouch
Chapter2: Basic Statistical Analysis With Excel
Section: Chapter Questions
Problem 12P
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A mixer was purchased two yearsago for $
60726 and can be sold for$125,000 today. The
mixer has beendepreciated using the MACRS
5-yearrecovery period and the firm pays 40
percent taxes on both ordinaryincome and
capital gain. Find thebook value.
Transcribed Image Text:A mixer was purchased two yearsago for $ 60726 and can be sold for$125,000 today. The mixer has beendepreciated using the MACRS 5-yearrecovery period and the firm pays 40 percent taxes on both ordinaryincome and capital gain. Find thebook value.
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