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A capital equipment costing $1,500,000 has a book value of $300,000 after 8 years. If it's sold for $500,000 in year 8 and the company

A capital equipment costing $1,500,000 has a book value of $300,000 after 8 years. If it's sold for $500,000 in year 8 and the company pays tax at 35%, what is the cash proceeds for year 8?

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