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A firm has decided to sell equipment that they purchased five years ago for $10,000. The firm depreciated 50% of the equipment's value. The firm

A firm has decided to sell equipment that they purchased five years ago for $10,000. The firm depreciated 50% of the equipment's value. The firm is planning on selling the equipment for $8,623. If the tax rate is 25% what is the net sale price (after tax salvage value)

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