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An asset used in a four-year projects falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,000,000 and
An asset used in a four-year projects falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,000,000 and will be sold for $2,000,000 at the end of the project. If the tax rate is 34 percent, what is the after-tax salvage value of the asset. 1) $1,320,00 2) 1,932,250 3) $2,000,00 4) $1.672,510
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