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Be able to calculate depreciation using MACRS and the depreciation tax shield Be able to calculate salvage values and the tax consequences from an asset

  1. Be able to calculate depreciation using MACRS and the depreciation tax shield
  2. Be able to calculate salvage values and the tax consequences from an asset sale
  3. Know in general what capital budgeting is and the types of projects (i.e. mutually exclusive vs. independent, replacement vs. expansion)

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