Assuming a tax rate of 30 what are the net proceeds from


A company bought a machine for $139,000. The machine was depriciated using a 5 year MACRS approach. After 5 years, the machine was sold at a salvage value of $91,200. Assuming a tax rate of 30%, what are the net proceeds from the sale of the machine? (Hint: You will want to take your salvage values and add/subtract gains due to the sale.)

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Financial Management: Assuming a tax rate of 30 what are the net proceeds from
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