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Plz help me in this question fast 3 4 05 10. (11 points) A project would require an immediate $2.6 milion purchase of some leather
Plz help me in this question fast
3 4 05 10. (11 points) A project would require an immediate $2.6 milion purchase of some leather production machinery, which has an 11-year depreciable lifetime for tax 6 purposes. At year 2, the project would require a $1.4 million purchase of glass production machinery, which has a 14-year depreciable lifetime. Both types of 7 machinery would be sold at year 9 (immediately after you recorded depreciation for year 9). The expected salvage price for the leather machinery is $1.3 million and 98 the expected price for the glass machinery is $1.05 million if the tax rate is 214, what would be the year-9 total after-tax proceeds specifically from salvage? 9 11Step by Step Solution
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