Question
Consider an asset that costs $237,600 and is depreciated straight-line to zero over its 8-year tax life. The asset is to be used in a
| Consider an asset that costs $237,600 and is depreciated straight-line to zero over its 8-year tax life. The asset is to be used in a 5-year project; at the end of the project, the asset can be sold for $29,700. |
| Required : |
| If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset? |
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The Venture Capital Investment Process
Authors: Darek Klonowski
1st Edition
0230612881, 023011007X, 9780230612884, 9780230110076
