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just beed ans An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an
just beed ans
An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $17,460,000 and will be sold for $3,880,000 at the end of the project. If the tax rate is 24 percent, what is the aftertax salvage value of the asset? $3.672,901 $2.948.800 $4,087,099 $3,856,546 Step by Step Solution
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