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Intro 8 years ago, a new machine cost $3,000,000 to purchase and an additional $560,000 for the installation. The machine was to be linearly depreciated
Intro 8 years ago, a new machine cost $3,000,000 to purchase and an additional $560,000 for the installation. The machine was to be linearly depreciated to zero over 15 years. The company has just sold the machine for $1,800,000, and its marginal tax rate is 25% Part 1 Attempt 1/5 for 10pts. What is the annual depreciation? Part 2 8 Attempt 1/5 for 10pts. What is the current book value? Part 3 Q. Attempt 1/5 for 10pts What is the after-tax salvage value
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