Consider an asset that costs ($248,000) and is depreciated straight-line to zero over its eight-year tax life.
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Consider an asset that costs \($248,000\) 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 \($55,000.\) If the relevant tax rate is 35 percent, what is the aftertax cash flow from the sale of this asset?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072313000
5th Edition
Authors: Stephen A Ross, Randolph W Westerfield
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