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Need help with part 3. So far I got 2,359,500 & 4,244,250 and they're both wrong. Thank you! Intro 8 years ago, a new machine

Need help with part 3. So far I got 2,359,500 & 4,244,250 and they're both wrong. Thank you!

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Intro 8 years ago, a new machine cost $5,000,000 to purchase and an additional $490,000 for the installation. The machine was to be linearly depreciated to zero over 15 years. The company has just sold the machine for $3,000,000, and its marginal tax rate is 25%. Part 1 Attempt 1/5 for 10 pts. What is the annual depreciation? Correct Initial book value: BV0= Purchase price + Cost of installation =5,000,000+490,000 =5,490,000 Annual depreciation: D=BV0/N=5,490,000/15=366,000 Part 2 Attempt 1/5 for 10 pts. What is the current book value? Correct Accumulated depreciation: AD= Number of years since purchase * Annual depreciation =8366,000=2,928,000 Remaining book value: BV8=BV0AD=5,490,0002,928,000=2,562,000 Part 3 Attempt 4/5 for 10 pts. What is the after-tax salvage value? Intro 8 years ago, a new machine cost $5,000,000 to purchase and an additional $490,000 for the installation. The machine was to be linearly depreciated to zero over 15 years. The company has just sold the machine for $3,000,000, and its marginal tax rate is 25%. Part 1 Attempt 1/5 for 10 pts. What is the annual depreciation? Correct Initial book value: BV0= Purchase price + Cost of installation =5,000,000+490,000 =5,490,000 Annual depreciation: D=BV0/N=5,490,000/15=366,000 Part 2 Attempt 1/5 for 10 pts. What is the current book value? Correct Accumulated depreciation: AD= Number of years since purchase * Annual depreciation =8366,000=2,928,000 Remaining book value: BV8=BV0AD=5,490,0002,928,000=2,562,000 Part 3 Attempt 4/5 for 10 pts. What is the after-tax salvage value

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