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Andover Corporation purchased an equipment three years ago at a cost of $382,000. The equipment is being depreciated using the straight-line method over six years.
Andover Corporation purchased an equipment three years ago at a cost of $382,000. The equipment is being depreciated using the straight-line method over six years. The tax rate is 25 percent and the discount rate is 10 percent. If the equipment is sold today for $215,000, what will the aftertax salvage value be?
$296,000
$274,000
$250,000
$231,000
$209,000
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