Finance Assignment | Professional Writing
June 10th, 2020
Boston Systems purchased a machine five years ago at a cost of $520,000. The machine is being depreciated using the straight-line method over eight years. The tax rate is 25 percent and the discount rate is 12 percent. If the machine is sold today for $221,000, what will the aftertax salvage value be?
$202,125
$227,485
$214,500
$194,000
$186,775
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