Your old bush-whacking machine was purchased for $700,000 six years ago .You were depreciating it to a
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Question:
Your old bush-whacking machine waspurchased for $700,000 six years ago.You were depreciating it to a zero salvage value over its 10-year life using straight-line depreciation.You can now sell it for $50,000.What is itsafter-tax salvage value? The corporate tax rate is 40 percent
a. $73,800
b. $84,000
c. $142,000
d. $180,000
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