Question
A building was purchased 20 years ago for $60,000, it is currently vacant but it can be sold for $160,000. The value of the building
A building was purchased 20 years ago for $60,000, it is currently vacant but it can be sold for $160,000. The value of the building on Ballpark's books is $32,000. Ballpark can depreciate this $32,000 over four years on a straight-line basis. The tax rate is 25%. What is the After-Tax Salvage Value?
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Real Estate Finance
Authors: John P. Wiedemer, Keith J. Baker
9th edition
324181426, 324181425, 978-0324181425
