MACRS Depreciation Allowances

Property Class
Year	3-Year	5-Year	7-Year
1	33.33%	20.00%	14.29%
2	44.45	32.00	24.49
3	14.81	19.20	17.49
4	7.41	11.52	12.49
5		11.52	8.93
6		5.76	8.92
7			8.93
8			4.46

A four year project involves equipment costing $2,770,000 that will be depreciated using the seven-year MACRS schedule. If the estimated pre-tax salvage value for the equipment at the end of the project's life is $415,500, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 34 percent.

Group of answer choices

$568,448

$467,502

$152,948

$262,552