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2. After-tax Salvage Value (20 points) Year 5-year The Honey Bee Co. purchased some equipment three years 1 20.00% ago at a cost of $36,500.

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2. After-tax Salvage Value (20 points) Year 5-year The Honey Bee Co. purchased some equipment three years 1 20.00% ago at a cost of $36,500. The 2 32.00% equipment is 5-year property for 3 19.20% MACRS. Today, the company 4 11.52% sold that equipment for 5 11.52% $18,900. 6 5.76% What is the aftertax salvage value if the applicable tax rate is 34%

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