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MACRS class… Show more Calculating Salvage Value- An asset

MACRS class… Show more Calculating Salvage Value- An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $7,100,000 and will be sold for $1,400,000 at the end of the project. If the tax rate is 35 percent, what is the after-tax salvage value of the asset? • Show less


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