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Massey Plastics Company purchased a machine five years ago at a cost of $644,000. The machine is being depreciated using the straight-line method over eight

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Massey Plastics Company purchased a machine five years ago at a cost of $644,000. The machine is being depreciated using the straight-line method over eight years. The tax rate is 25 percent and the discount rate is 12 percent. If the machine is sold today for $340,000, what will the aftertax salvage value be? $401,212 $359,266 $315,375 $276,340 $385,210

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