Connect: Cha...

i

Saved

Help

Save & Exit

Submit

Table $9\mathrm{.}7$ Modified ACRS depreciation allowances

An asset used in a four$-$year project falls in the five$-$year MACRS class $($MACRS schedule$)$ for tax purposes. The asset has an acquisition cost of $$7,200,000$ and will be sold for $$1,620,000$ at the end of the project. If the tax rate is $24$ percent, what is the aftertax salvage value of the asset?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

Aftertax salvage value

$\backslash$table$[[$Year$,$Property Class$],[3-$ Year,$5-$ Year,$7-$ Year$],[1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%$