Consider an asset that costs $680,000 and is depreciated straight line to zero over its eight-year tax
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Consider an asset that costs $680,000 and is depreciated straight line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $143,000. If the relevant tax rate is 21 percent, what is the after tax cash flow from the sale of this asset?
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The asset has an eightyear useful life and we want to find the BV of the asset ...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
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