Question
Consider an asset that costs R548,000 and is depreciated using 20 per cent reducing-balance. The asset is to be used in a five-year project; at
Consider an asset that costs R548,000 and is depreciated using 20 per cent reducing-balance. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for R105,000. If the relevant tax rate is 35 per cent, what is the after-tax cash flow from the sale of this asset?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
