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Initial investment to buy equipment and machinery for a new project costs you $1,200,000 which will be depreciated to $100,000 book value over 5 years
Initial investment to buy equipment and machinery for a new project costs you $1,200,000 which will be depreciated to $100,000 book value over 5 years using straight line depreciation. You then end up selling this used equipment and machinery for $193,418 when this project ends at the end of 5 years. What is the after tax salvage value if the tax rate is 22%?
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