Closets, Closets, Closets, Closets plans to purchase equipment for $50,000 for a project lasting four years. At the end

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answerhappygod
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Closets, Closets, Closets, Closets plans to purchase equipment for $50,000 for a project lasting four years. At the end

Post by answerhappygod »

Closets, Closets, Closets, Closets plans to purchase equipment
for $50,000 for a project lasting four years. At the end of the
project, the accumulated depreciation will be $41,360. If the
estimated market value of the equipment is $20,000 in year 4, what
is the after tax salvage value for this equipment on your project
timeline? Assume a 20% tax bracket.
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