Alpha sold machinery that it used in its business to Beta, a related entity, for $39,900. Beta used the machinery in its business. Alpha bought the machinery a few years ago for $50,100 and has claimed $29,900 of depreciation expense. What is the amount and character of Alpha's

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