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DaySpring purchases an asset for $19727. This asset qualifies

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DaySpring purchases an asset for $19727. This asset qualifies as a
seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. DaySpring has a tax rate of 30%. The asset is sold at the end of six years for $3893.
Calculate the gain or loss on disposal. Gain should be entered as a positive number. Loss should be entered as a negative number.
Round the answer to two decimals.

 
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