What are the after tax proceeds from the sale

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Reference no: EM131523409

Three years ago, your firm bought a new machine for $2,000. The machine was depreciated on a straight line basis over a 8 year life to a salvage value of zero. Today, your company will sell the machine for $3,000. The tax rate is 30%. What are the after tax proceeds from the sale? Answer to 2 decimals.

Reference no: EM131523409

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