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Edwards Manufactured Homes purchased some Machinery 2 years ago for 494000. These assets are classifed as 5-year property for MACRS. The company is replacing this
Edwards Manufactured Homes purchased some Machinery 2 years ago for 494000. These assets are classifed as 5-year property for MACRS. The company is replacing this Machinery today with newer machines that utilize the latest in technology. The old machines were sold for 312,000 to a foreign firm for use in its production facility. What is the aftertax salvage value form this sale if the tax rate is 35%
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