Question: ABC Inc purchased some fixed assets two years ago at a cost of $43,800. It no longer needs these assets so it is going to

ABC Inc purchased some fixed assets two years ago at a cost of $43,800. It no longer needs these assets so it is going to sell them today for $32,500. The assets are classified as five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152, .1152, .0576, for years 1 to 6, respectively. What is the after tax salvage value if the firm's tax rate is 35 percent

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