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CheckYourSalvage Inc. purchased a piece of equipment of $400,000 for a project that will last 3 years. The firm is going to depreciate this equipment
CheckYourSalvage Inc. purchased a piece of equipment of $400,000 for a project that will last 3 years. The firm is going to depreciate this equipment using 5 year straight depreciation. At the end of year 3 it can sell the equipment for $120,000. What is the after-tax salvage value of this equipment if the tax rate is 25%?
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$204,000
correct answer is not listed
$130,000
$210,000
$160,000
$150,000
$90,000
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