Justinrsquos landscaping service purchased an industrial, Financial Management

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Justinrsquos landscaping service purchased an industrial

Justin’s Landscaping Service purchased an industrial riding mower two years ago for $21,000. At the time, Justin’s accountants told him to depreciate it using straight line over five years. Now Justin has found that a new and improved mower has just come out and he wants to sell his old mower. He can get $11,000 for it. Justin is in the 35% tax bracket.

What is the after tax salvage value of the old mower?

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Financial Management: Justinrsquos landscaping service purchased an industrial

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