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please ignore the selected answer! Power Manufacturing has equipment that it purchased 6 years ago for $2.500,000. The equipment was used for a project that
please ignore the selected answer!
Power Manufacturing has equipment that it purchased 6 years ago for $2.500,000. The equipment was used for a project that was intended to last for 8 years. However, due to low demand, the project is being shut down. The equipment was depreciated using the straight-line method and can be sold for $390,000 today. The company's tax rate is 35 percent. What is the aftertax salvage value of the equipment? Multiple Choice $307750 $390,000 $526,500 $43125 O $472,250 Step by Step Solution
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