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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 $18,540,000 and will be sold for $4,120,000 at the end of the project. Required: If the tax rate is 30 percent, what is the aftertax salvage value of the asset? rev: 09_18_2012 $3,845,114 $2,884,000 $4,394,886 $4,037,369 $3,652,858
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