The example approval form in the activity shows that
a.)most hoa requirements are very general
b.) hoas mostly let people make their own design decisions
c.) it's not necessary to discuss exterior painting projects with an hoa
d.) most hoa requirements are quite specific

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