Question: You are purchasing a machine at $1 million today for a three-year project. At the end of Year 3, you will sell the asset at

You are purchasing a machine at $1 million today for a three-year project. At the end of Year 3, you will sell the asset at $800,000. The after-tax salvage value will for sure be higher than the market value (of $800,000).

True

False

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