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Consider an asset that costs $78,000 and is depreciated straight-line to zero over its 6-year tax life. The asset is to be used in a
Consider an asset that costs $78,000 and is depreciated straight-line to zero over its 6-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 $20,000. The tax rate is 21 percent. What is the after-tax salvage value? Select one: O a. $18,530 b. $23,250 O c. $21,260 O d. $23,930 O e. $19,600
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