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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 $18,180,000 and will be sold for $4,040,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset? Multiple Choice $3,833,346 $3,110,800 $4,246,654 $4,025,013 $3,641,679
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