Waterford industries is ocnsidering the purchsase of a new

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Waterford Industries is ocnsidering the purchsase of a new machine. It will replace an existing but obsolete machine that will be sold for $50,000. The existing machine is 8 years old, cost $200,000 , had a 10 year useful life , and is being depreciated to zero using the straight-line method. Waterford's income tax rate is 35%. What is the after-tax salvage value of the old machine?

Reference no: EM13568957

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