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A four year project involves equipment costing $2,580,000 that will be depreciated using the five-year MACRS schedule. If the estimated pre-tax salvage value for the
A four year project involves equipment costing $2,580,000 that will be depreciated using the five-year MACRS schedule. If the estimated pre-tax salvage value for the equipment at the end of the project's life is $283,800, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 34 percent.
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