Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $872278 and
An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $872278 and will be sold for $117445 (before tax) at the end of the project, at the end of year 4. If the tax rate is 21%, what is the aftertax salvage value of the asset? MACRS 5-year equipment Year Rate 1 2 3 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 4 5 6 Select one: 0 a. $150729.64 O b. $50243.21 O c. $145536.92 O d. $103332.62 0 e. $124434.77
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started