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6 years ago, Company FIN3610-ETRA spent $2,700,000 to purchase an equipment with a 8-year expected life. The equipment was depreciated straight-line to zero over its

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6 years ago, Company FIN3610-ETRA spent $2,700,000 to purchase an equipment with a 8-year expected life. The equipment was depreciated straight-line to zero over its 8-year life. Today, the management of Company FIN3610-ETRA decides to sell the equipment at a market price of $430,000 The tax rate 40% Please calculate the after-tax salvage value for the equipment. Multiple Choice $430,000 $332.000 $602,000 $479,000 $528,000

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