Victor Inc purchased some fixed assets three years ago at a cost of $127,800. It no longer needs these assets, so it is going to sell them today at a price of $51,225. The assets are classified as a 5-year property for MACRS. The tax rate is 29%
What is the current book value of these assets?
What is the gain or loss on the sale of these assets?
What is the after-tax cash glow from the sale of these assets?