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?

$2,784.00 $3,039.00 $3,014.40 $2,054.40 $3,398.40

IT IS NOT Net salvage value = $ 11,385.60 SO PLEASE DONT ANSWER IT IF THATS WHAT YOURE GOING TO SAY