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Jupiter Manufacturing Co. bought equipment for $5 million. It will depreciate the equipment on a straight-line basis to a salvage value of 0 over 5
Jupiter Manufacturing Co. bought equipment for $5 million. It will depreciate the equipment on a straight-line basis to a salvage value of 0 over 5 years. Four years after the purchase, it sells the equipment for $2 million. The corporate tax rate is 21%. What is the after-tax salvage value of this equipment? $1.00 million $1.79 million $0.79 million $1.58 million $2.00 million
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