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What will the after-tax salvage value

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Question - You just purchased some equipment that is classified as 5-year property for MACRS. The equipment costs $87,600. What will the after-tax salvage value of this equipment be at the end of three years should you decide to resell the equipment for $50,000 at that point in time (assume a corporate tax rate of 35%)?

Reference no: EM133037140

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