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
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 $19,260,000 and will be sold for $4,280,000 at the end of the project.
Required: If the tax rate is 34 percent, what is the aftertax salvage value of the asset?
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
