Question
Buddy is a burger joint down the road. They are going to sell a fixed asset with a book value of $234,000 for a market
Buddy is a burger joint down the road. They are going to sell a fixed asset with a book value of $234,000 for a market value of $212,000. The tax rate is 21% What is the net salvage value?
A: $207,380
B: $202,430
C: $229,380
D: $216,620
E: none of the above
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
