Abc company purchased 96966 of equipment 4 years ago the, Ask an Expert

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ABC Company purchased $96,966 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $6,406. What is the After-tax Salvage Value if the tax rate is 16%?

The MACRS allowance percentages are as follows, commencing with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.

Round of two decimals points.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92320141

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