Question: A new machine cost $44,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine

A new machine cost $44,000. The machine will be depreciated on a straight-line basis over 5 years to a salvage value of $2,000. The machine will be sold 4 years from now for $23,000. If the tax rate is 18%, what is the after-tax gain on the sale of the machine? Round your answer to the nearest dollar.

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