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Farris Industrial purchased a machine 5 years ago at a cost of $229,380. The machine is being depreciated using the straight-line method over 8 years

Farris Industrial purchased a machine 5 years ago at a cost of $229,380. The machine is being depreciated using the straight-line method over 8 years The tax rate is 35 percent and the discount rate is 16 percent. If the machine is sold today for $74,500, what will be the after tax salvage value? 574500.00 567 625.09 578 535 13 $37.389.89 $11545405

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