You have a neighbor, mr. peterson, who comes to you for advice. he owns a fish and chips restaurant, "the codfather, llc" which he started and has built up for 25 years in the neighborhood. mr peterson is ready to retire and wants to transfer ownership of his business to his 40 year old son. what is the best advice to give mr. peterson

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken