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Five-year MACRS Table: Year Depreciation Percentage 1 20.00% 2 32.00 3 19.20 4 11.52 5 11.52 6 5.76 After their pizza oven was stolen, the
Five-year MACRS Table: Year Depreciation Percentage
1 20.00%
2 32.00
3 19.20
4 11.52
5 11.52
6 5.76
After their pizza oven was stolen, the owners of The Rose bought a new oven for $1,950,000. The new pizza oven is expected to last for 4 years and can be sold for $279,000 at the end of its life. What is the after-tax salvage value of the pizza oven if The Roses tax rate is 40%?
Multiple Choice $212,328 $302,184 $279,000 $167,400 $255,816
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