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A company purchased a machine for $ 8 0 , 0 0 0 . The machine will be straight - line depreciated to zero for

A company purchased a machine for $80,000. The machine will be straight-line depreciated to zero for the 10-year life of the machine. The company plans to use the machine for a 7-year project. The estimated market value of the machine at the end of the project is $29,000. The capital gains tax rate is 20%. What is the after-tax salvage value of the machine at the end of the project?
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