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Cost recovery. Brock Florist Company bought a new delivery truck for ?$29,000. It was classified as a? light-duty truck. The company sold its delivery truck after three years of service. If a? five-year life and? MACRS, was used for the depreciation? schedule, what is the? after-tax cash flow from the sale of the truck? (use a 30?% tax? rate) if
a. the sales price was ?$17,000??
b. the sales price was ?$9,000??
c. the sales price was ?$5,000??
Year 3-Year 5-Year 7-Year 10-Year
1 33.33% 20.00% 14.29% 10.00%
2 44.45% 32.00% 24.49% 18.00%
3 14.81% 19.20% 17.49% 14.40%
4 7.41% 11.52% 12.49% 11.52%
5 11.52% 8.93% 9.22%
6 5.76% 8.93% 7.37%
7 8.93% 6.55%
8 4.45% 6.55%
9 6.55%
10 6.55%
11 3.28%
Apr 10 2020 View more View Less
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