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Goodbye Blue Sky Manufacturing has equipment that it purchased 6 years ago for $2,100,000. The equipment was used for a project that was intended to
Goodbye Blue Sky Manufacturing has equipment that it purchased 6 years ago for $2,100,000. The equipment was used for a project that was intended to last for 8 years. However, due to low demand, the project is being shut down. The equipment was depreciated using the straight-line method and can be sold for $310,000 today. The company's tax rate is 21 percent, What is the aftertax salvage volue of the equipment? Multiple Choice $310.000 $355,150 $224,000 $434,000
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