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An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $6,400,000 and will be sold for $1,530,000 at the end of the project.

If the tax rate is 34 percent, what is the after tax salvage value of the asset?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91269142

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