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QUESTION
ABC Company purchased $84,493 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $4,687.
ABC Company purchased $84,493 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $4,687. What is the After-tax Salvage Value if the tax rate is 15%?
