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ABC Company purchased$133,927of equipment5years ago.The equipment is7-year MACRS property.The firm is selling this equipment today for$10,196.What is the After-taxSalvageValueif the tax rate is31percent?The MACRS allowance

ABC Company purchased$133,927of equipment5years ago.The equipment is7-year MACRS property.The firm is selling this equipment today for$10,196.What is the After-taxSalvageValueif the tax rate is31percent?The MACRS allowance percentages are as follows,commencing with year one:14.29,24.49,17.49,12.49,8.93,8.92,8.93,and4.46percent.

Enter your answer rounded off to two decimal points.Do not enter$or comma in the answer box.For example,if your answer is$12.345then enter as12.35in the answer box.

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