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Consider an asset that costs $125,000 and is depreciated straight-line to zero over its 5- year tax life. The asset is to be used in
Consider an asset that costs $125,000 and is depreciated straight-line to zero over its 5- year tax life. The asset is to be used in a 4-year project. At the end of the project the asset can be sold for $35,000. The tax rate is 21 percent. What is the after-tax salvage value? Select one: a. $38,196 b. $35,000 C. $35,500 d. $25,242 e. $32,900
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