A new piece of specialty equipment costs $2,250,000 and will be depreciated to an expected...
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Finance
A new piece of specialty equipment costs $2,250,000 and will be depreciated to an expected salvage value of $250,000 on a straight-line basis over its 4-year life. Assuming a tax rate of 30%, what is its after-tax salvage value if the equipment is actually sold after 3 years for $950,000?
$140,000
$285,000
$665,000
$890,000
$950,000
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