The Ogi Corporation, a construction company, pur-chased
Chapter , Problem 12-40(choose chapter or problem)
The Ogi Corporation, a construction company, pur-chased used a pickup truck for $14,000 and usedMACRS depreciation in the income tax return. Dur-ing the time the company had the truck, they esti-mated that it saved $5000 a year. At the end of 4years, Ogi sold the truck for $3000. The combinedfederal and state income tax rate for Ogi is 45%.Compute the after-tax rate of return for the truck.
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