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Lumber Yard Industries purchased some fixed assets one year ago for $410,000. The company plans on selling them today for $285,000. The assets are classified

Lumber Yard Industries purchased some fixed assets one year ago for $410,000. The company plans on selling them today for $285,000. The assets are classified as 3-year property for MACRS. What is the after-tax salvage value from this sale if the firms tax rate is 21 percent?

Year

Depreciation Rate

1

33.33%

2

44.45%

3

14.81%

4

7.41%

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