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An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,100,000 and

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An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,100,000 and will be sold for $1,300,000 at the end of the project. If the tax rate is 35 percent, what is the after- tax salvage value of the asset? $800,675 5 $921,550 $1,069.750 $1,110,800 $1,213,928

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