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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 $826932 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 $826932 and will be sold for $143458 (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 1 2 3 Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 4 5 6 Select one: a. $123334.39 b. $143339.53 c. $47631.28 d. $142893.85 e. $163344.67
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