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QUESTION
An asset used in a 4-year project falls in the 5-year MACRS class (refer to MACRS table on page 277), for tax purposes.
An asset used in a 4-year project falls in the 5-year MACRS class (refer to MACRS table on page 277), for tax purposes. The asset has an acquisition cost of $16371000 and will be sold for $5869000 at the end of the project. If the tax rate is 0.26, what is the aftertax salvage value of the asset (SVNOT)?
