The aftertax salvage value of the asset

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Reference no: EM131541297

An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $3,906,000 and will be sold for $882,000 at the end of the project. If the tax rate is 32 percent, the aftertax salvage value of the asset is ____ Do not include the dollar sign ($). Round your answer to the nearest whole dollar amount.

Reference no: EM131541297

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