It is jan 1 the rumpel felt company purchased a felt press, Ask an Expert

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It is Jan 1. The Rumpel Felt Company purchased a felt press last year at a cost of0$7,500. The machine had an expected life of 3 years at the time of purchase. The machine was depreciated using MACRS with a? 5-year recovery period. ? (MACRS depreciation rates are shown in the table LOADING...?.) The division manager reports? that, for $12,000 ?(including installation), a new felt press can be bought. The new felt press will expand? sales, because the new fashion is for smoother felt. The old? machine's current market value is $1,300. Taxes are 40%. What is the net salvage value of the old press if Rumpel replaces it? today?

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Financial Management, Finance

Category:- Financial Management
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