Question: A machine will reach the end of its useful life in year 5. The realizable salvage value is expected to be $50,000 with a book value of zero. The company's marginal tax rate is 34%.
Required: What is the tax implication on the sale of the new machine at year 5? The answer is tax liabilities of $17,000, what mathematical equation is used to get the $17,000 answer?
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