Question: An asset used in a four - year project falls in the five - year MACRS class for tax purposes. The asset has an acquisition

An asset used in a four-year project falls in the five-year MACRS class for tax purposes.
The asset has an acquisition cost of $6,020,000 and will be sold for $1,220,000 at the
end of the project. If the tax rate is 35 percent, what is the aftertax salvage value of the
asset? Refer to Table 10.7.(Do not round intermediate calculations. Round your answer
to the nearest whole dollar. Enter your answer in dollars, not millions of dollars, e.g.
1,234,567.
 An asset used in a four-year project falls in the five-year

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