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Example: A car was purchased for $17,000 and can be depreciated as a 5-year property using MACRS. Suppose tax rate is 34%. What is your

Example: A car was purchased for $17,000 and can be depreciated as a 5-year property using MACRS. Suppose tax rate is 34%. What is your after tax salvage value, if:

If you sell the car after 2 years for $4,000

If you sell the car after 4 years for $2,937.60

If you sell the car after 5 years for $3,000

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