Question: PLEASE SHOW WORK!!! An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an

PLEASE SHOW WORK!!!

An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $8,184,000 and will be sold for $1,848,000 at the end of the project. If the tax rate is 33 percent, the aftertax salvage value of the asset is $ .

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