Equipment that is classified as five-year property for MACRS

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Reference no: EM131819910

You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $167,600. If you sell the equipment for $75,000 at the end of three years, what is the after tax salvage value? The tax rate is 34 percent.

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Reference no: EM131819910

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