Question: A project has to sell a machine that is obsolete. The market department finds a buyer who is willing to pay $100,000 for the machine.

A project has to sell a machine that is obsolete. The market department finds a buyer who is willing to pay $100,000 for the machine. The machine was purchased 4 years ago for $1.1 million. The accounting department notes that the depreciation method for this machine is straight line, and the machine will be depreciated to zero over a five-year time period after purchase. What is the machine's after-tax salvage value? Tax rate is 21%. Question 9 options: -$2,784.62 $142,000.00 $2,314.05 -$289.26 $1,635.24

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