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What is the aftertax salvage value of the equipment

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Reference no: EM132601676

Power Manufacturing has equipment that it purchased 5 years ago for $2,450,000. The equipment was used for a project that was intended to last for 7 years. However, due to low demand, the project is being shut down. The equipment was depreciated using the straight-line method and can be sold for $380,000 today. The company's tax rate is 34 percent. What is the aftertax salvage value of the equipment?

Reference no: EM132601676

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