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Wingnut Corp purchased machinery 6 years ago for $ 2 , 7 0 0 , 0 0 0 . The machinery was used for a

Wingnut Corp purchased machinery 6 years ago for $2,700,000. The machinery was used for a project that was intended to last for 8 years and was being depreciated over the life of the project.
However, due to low demand, the project is being shut down. The machinery was depreciated using the straight-line method and can be sold for $430,000 today. The company's tax rate is 40 percent.
What is the aftertax salvage value of the machinery?
Multiple Choice
1:59
$479,000
$332,000
$430,000
$528,000
$602,000

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