Question: A company bought a machine for $ 1 3 6 , 0 0 0 . The machine was depriciated using a 5 year MACRS approach.

"A company bought a machine for $136,000. The machine was depriciated using a 5 year MACRS approach. After 4 years, the machine was sold at a salvage value of $86,900. Assuming a tax rate of 26%, 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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