Intro

Time Weiner Inc. is now at the end of the final year of a project. The firm originally

bought some project equipment for $$73,000,$ which could now be sold for $$43,800.$

$70\%$ of the equipment cost has already been depreciated. The company's tax rate

is $34\%.$

Part $1$

What is the net salvage value? If the equipment's final market value is less than its

book value, the firm will receive a tax credit as a result of the sale.