What is the aftertax salvage value of the asset

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Question 1: 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 $5,050,000 and will be sold for $1,525,000 at the end of the project. If the tax rate is 25 percent, what is the aftertax salvage value of the asset? Refer to

Reference no: EM132496165

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