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Saved An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost
Saved An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $11,160,000 and will be sold for $2,480,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset? Multiple Choice $2.353.143 Year 1 00 VOOWN- Property Class Three-Year Five-Year 33.33% 20.00% 44.45 32.00 14.81 19.20 7.41 11.52 11.52 5.76 Seven-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 809 O ype here to search
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