need excel formulas for both An asset used in a four-year project...
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need excel formulas for both
An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $5.7 million and will be sold for $1.8 million at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? (Use cells A6 to B15 from the given information to complete this question.)
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