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What is the after-tax salvage value

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Reference no: EM132745987

Question - A company paid $100,000 for a new truck and is depreciating it using 5-year MACRS. The tax rate is 40%. If the company sells the truck after 3 years for $25,000, what is the after-tax salvage value?

5 year MACRS table

Year Rate

1. 20%

2. 32%

3. 19.20%

4. 11.52%

5. 11.52%

6. 5.76%

Reference no: EM132745987

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