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A company is selling an equipment after five years for $5,308. The equipment was originally purchased for $54,672. The tax rate is 14%. The equipment
A company is selling an equipment after five years for $5,308. The equipment was originally purchased for $54,672. The tax rate is 14%. The equipment is classified as a 5-year property. What is the after-tax salvage value?
The MACRS allowance percentages are as follows, starting with Year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.
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