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A company buys a piece of equipment for $ 1 , 0 0 0 , 0 0 0 . Five years later, the equipment is

A company buys a piece of equipment for $1,000,000. Five years later, the equipment is sold for $500,000. The depreciation per year is 20%,30%,10%,10%, and 5%. If the firm has a tax rate of 30%, what is the after-tax salvage value?
A. $350,000
B. $425,000
C. $500,000
D. $575,000
E. $650,000
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