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20. Your old bush-whacking machine was purchased for $700,000 six years ago . You were depreciating it to a zero salvage value over its 10-year

20. Your old bush-whacking machine was purchased for $700,000 six years ago. You were depreciating it to a zero salvage value over its 10-year life using straight-line depreciation. You can now sell it for $50,000. What is its after-tax salvage value? The corporate tax rate is 40 percent.

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a. $73,800

b. $84,000

c. $142,000

d. $180,000

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