You purchased equipment for $400,000 for a project that has a 6 year life. The...

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Finance

image You purchased equipment for $400,000 for a project that has a 6 year life. The tax office states that the equipment can be depreciated straight-line to zero over 10 years. You expect to sell the equipment for 110,000 at the end of the project's life. If the tax rate is 30%, what is the expected after tax salvage value at the end of the project's life? a. $95,000 b. $125,000 c. $77,000x d. $110,000

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