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Sal's Lounge purchased some new equipment two years ago for $89,500. Today, it is selling this equipment for $57,620. What is the after-tax salvage value
Sal's Lounge purchased some new equipment two years ago for $89,500. Today, it is selling this equipment for $57,620. What is the after-tax salvage value from this sale if the tax rate is 35 percent? The MACRS depreciation percentages are as follows, commencing with year 1: 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. O A. $52,489 B. $53,742 C. $62,751 D. $37,453 E. $68,778
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