A new piece of specialty equipment costs $2,000,000 and will be depreciated to an expected...
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Accounting
A new piece of specialty equipment costs $2,000,000 and will be depreciated to an expected salvage value of $250,000 on a straight-line basis over its 5-year life. Assuming a tax rate of 40%, what is its after-tax salvage value if the equipment is actually sold after 3 years for $1,250,000?
A.) $180,000
B.) $500,000
C.)$500,000
D.) $1,130,000
E.) $1,250,000
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