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ABC Inc. is going to purchase a new stamp press for $20,000. The press will require an extra $1,800 for shipping and installation costs. The
ABC Inc. is going to purchase a new stamp press for $20,000. The press will require an extra $1,800 for shipping and installation costs. The press can be sold in two years for $12,000. The depreciation rates are 20% in year one and 32% in year two. If the corporate tax rate is 40%, what is the net salvage value for the machine? |
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