Abc company purchased a new machinery 4 years ago for 62639, Ask an Expert

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ABC Company purchased a new machinery 4 years ago for $62,639. Today, it is selling this equipment for $24,229. What is the after-tax salvage value if the tax rate is 28 percent? The MACRS allowance percentages are as follows, commencing with year one: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91787391

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