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An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of
An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $13,860,000 and will be sold for $3,080,000 at the end of the project. Required If the tax rate is 33 percent, what is the aftertax salvage value of the asset? O $2,853,953 O $2,063,600 O $3,306,047 O $2,996,650 O $2,711,255
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