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A large wine maker would like to buy new stainless steel containers for aging its wine. It is planning to purchase a number of containers for a total of $$450,000.$ They have $9$ years of usable life and lose the same value each ye The wine maker will then sell them in $3$ years for an estimated $$200,000$ to replace with brand new ones at that time. The wine maker falls into a $40\%$ tax rate bracket.

Calculate the after$-$tax salvage value at the time the containers will get sold.

First, what is the annual depreciation of the containers?

Second, what is the remaining book value of the steel containers at the time when they will be sold by the wine maker?

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