What will be the after tax salvage value

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Question: Farris Industrial purchased a machine five years ago at a cost of $265,000. The machine is being depreciated using the straight-line method over eight years. The tax rate is 21 percent and the discount rate is 16 percent. If the machine is sold today for $74,500, what will be the after tax salvage value?

Reference no: EM133378667

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What will be the after tax salvage value : Farris Industrial purchased a machine five years ago at a cost of $265,000. The machine is being depreciated using the straight-line method over eight years.

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