Question
An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of
| An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $16,020,000 and will be sold for $3,560,000 at the end of the project. |
| If the tax rate is 24 percent, what is the aftertax salvage value of the asset? |
Multiple Choice
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$3,369,981
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$2,705,600
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$3,750,019
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$3,538,481
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$3,201,482
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The Public Private Partnership Handbook
Authors: Malcolm Morley
1st Edition
0749474262, 978-0749474263
