Question
Five-year MACRS Table: Year Depreciation Percentage 1 20.00% 2 32.00 3 19.20 4 11.52 5 11.52 6 5.76 After their car stolen, the owners of
Five-year MACRS Table:
| Year | Depreciation Percentage |
| 1 | 20.00% |
| 2 | 32.00 |
| 3 | 19.20 |
| 4 | 11.52 |
| 5 | 11.52 |
| 6 | 5.76 |
After their car stolen, the owners of 'BikenGo' bought a new car for $1,900,000. The new car is expected to last for 4 years and can be sold for $277,000 at the end of its life. What is the after-tax salvage value of the car if BikenGo's tax rate is 35%?
(select one)
-
$277,000
-
$180,050
-
$259,038
-
$294,962
-
$218,354
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
