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Consider an asset that costs $882,000 and is depreciated straight-line to zero over its nine-year tax life. The asset is to be used in a
Consider an asset that costs $882,000 and is depreciated straight-line to zero over its nine-year tax life. The asset is to be used in a six-year project; at the end of the project, the asset can be sold for $135,500. (Do not round intermediate calculations.) |
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If the relevant tax rate is 40 percent, what is the aftertax cash flow from the sale of this asset? |
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