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Finance 1 answer below » Ronnie’s Custom Cars purchased some fixed assets two years ago for $100,000. The assets are classified as 5-year property for MACRS. Ronnie is considering
selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $52,000 for his old assets. What
is the net cash flow from the salvage value if the tax rate is 34 percent? MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% Jan 17 2014 08:43 PM
