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PLEASE SHOW DETAILED WORK. 2. Year 5-year 1 20.00% 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% The Honey Bee Co. purchased some equipment

image text in transcribedPLEASE SHOW DETAILED WORK.

2. Year 5-year 1 20.00% 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% The Honey Bee Co. purchased some equipment three years ago at a cost of $36,500. The equipment is 5-year property for MACRS. Today, the company sold that equipment for $18,900. What is the aftertax salvage value if the applicable tax rate is 34%

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