Question
(Calculating Salvage value) Consider an asset that costs$548000 and is depreciated straight -line to zero over its eight-year tax life . the asset is to
(Calculating Salvage value) Consider an asset that costs$548000 and is depreciated straight -line to zero over its eight-year tax life . the asset is to be used in a five-year project, at the end of the project , the asset can be sold for $105000.if the relevant tax rate is 35 percent ,what is the afterfax salvage value of the asset?
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
