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Your firm needs a computerized machine tool lathe which costs
$59,000 and requires $12,900 in maintenance for each year of
its 3-year life. After three years, this machine will be replaced.
The machine falls into the MACRS 3-year class life category.
Assume a tax rate of 34 percent and a discount rate of 12
percent.
If the lathe can be sold for $5,900 at the end of year 3, what is
the after-tax salvage value? (Round your answer to 2 decimal
places.)
Salvage value after tax
$

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