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Company A purchased an equipment that costs $427,000 and is depreciate straightline to zero over its seven-year tax life. The equipment is to be used
Company A purchased an equipment that costs $427,000 and is depreciate straightline to zero over its seven-year tax life. The equipment is to be used in a four-year project; at the end of the project, the equipment can be sold for $95,000. If the relevant tax rate is 23 percent, what is the aftertax salvage value of the equipment?
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