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You purchase a machine for $12,000, depreciated straight-line to a salvage value of $2,000 over its 5 year life. if the machine sold at the
You purchase a machine for $12,000, depreciated straight-line to a salvage value of $2,000 over its 5 year life. if the machine sold at the end of the third year for 7,500, what are the after tax proceeds from the sale, assuming your tax rate is 34%?
6990
7160
7210
7390
7500
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