A logistics company is deciding between two models of semi- trailer trucks to add to its fleet. The manager has prepared the following information for the economic evaluation. The new trucks are to be used for 7 years and sold for the estimated salvage value. The before- tax MARR is 16.39% per year and the effective tax rate is 39%. Select a machine on the basis of after- tax annual worth analysis using MACRS with a 5- year recovery period. 
Definitions:
Fair Value
The cost expected to be received for an asset sale or to be paid for transferring a liability during a well-organized interaction between market actors as of the valuation moment.
Subsidiary's Equity
The portion of equity (capital and reserves) in a subsidiary company that is attributable to its owners, including both parent and non-controlling interests.
Consolidation Adjusting Entries
Adjustments made in accounting records to remove the effects of intercompany transactions during the consolidation process for a group’s financial reporting.
Accounting Periods
Defined time frames in which financial transactions are recorded and financial statements are prepared.
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