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A new machine cost $43,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine
A new machine cost $43,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 4 years from now for $22,000. If the tax rate is 16%, what is the after-tax gain on the sale of the machine?
Round your answer to the nearest dollar.
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