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An asset used in a four-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $5,800,000 and

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An asset used in a four-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $5,800,000 and will be sold for $1,450,000 at the end of the project. If the tax rate is 30%, what is the after-tax salvage value of the asset? Reference the 5-year MACRS schedule. O $134,328 $1,315,672 O $1,450,000 O $1,002,240

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