An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table)...
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| An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $12,240,000 and will be sold for $2,720,000 at the end of the project. |
| If the tax rate is 23 percent, what is the aftertax salvage value of the asset? |
Multiple Choice
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$2,580,867
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$2,094,400
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$2,859,133
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$2,709,910
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$2,451,823
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