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McCanless Company recently purchased an asset for $2,950,000 that wil be used in a 3 -year pioject. The asset is in the 3 year MACra

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McCanless Company recently purchased an asset for $2,950,000 that wil be used in a 3 -year pioject. The asset is in the 3 year MACra class. The depreciation Muiliple chaice 5293333 $13+275 5436,805 $218,595 Power Manufacturing has equipmeot that it purchased 4 years sgo tor $2,800,000. The equipment was used tar a project that was intended to tast for 6 years bind was being depiectioted over the tfe of the project. Howpever, due to low demond, the profect is being shut down. The equipment was deprecisted using the straightine method and can be sold for $450,000 today The company's tax rete is 25 percent. What is the aftertax salvage value of the equipment? Murtiple Choice $32907 551041? $450000 5570833 $562.500

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