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"A company bought a machine for $124,000. The machine was depriciated using a 5 year MACRS approach. After 4 years, the machine was sold at a salvage value of $75,500. Assuming a tax rate of 34%, 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.:- M92875834

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