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Business, 18.05.2021 19:20 Gghbhgy8716

Edward's Manufactured Homes purchased some machinery 3 years ago for $319,000. These assets are classified as 5-year property for MACRS. The company is replacing this machinery today with newer machines that utilize the latest in technology. The old machines are being sold for $140,000 to a foreign firm. What is the aftertax salvage value from this sale if the tax rate is 35 percent

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