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You own some equipment that you purchased four years ago at a cost of $300,000....

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Finance

You own some equipment that you purchased four years ago at a cost of $300,000. The equipment is five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, and .0576, for Years 1 to 6, respectively. You are considering selling the equipment today for $75,000.

What is the after-tax proceeds if your tax rate is 24 percent? Round the result to the nearest integer.

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