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Your company purchased an equipment four years ago at a cost of $390,000. The equipment is being depreciated using the straight-line method over eight years.
Your company purchased an equipment four years ago at a cost of $390,000. The equipment is being depreciated using the straight-line method over eight years. The tax rate is 25 percent. If the equipment is sold today for $204,000, what will the aftertax salvage value be?
$195,750
$201,750
$207,750
$213,750
$219,750
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