A company bought a machine for 115000 the machine was, Ask an Expert

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"A company bought a machine for $115,000. The machine was depriciated using a 5 year MACRS approach. After 5 years, the machine was sold at a salvage value of $77,300. Assuming a tax rate of 26%, what are the net proceeds from the sale of the machine? (Hint: You will want to take your salvage values and add/subtract gains due to the sale.)"

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93042754

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