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P10-7 Calculating Salvage Value (LO1] 2 Consider an asset that costs $528,000 and is depreciated straight-line to zero over its 6- year tax life. The
P10-7 Calculating Salvage Value (LO1] 2 Consider an asset that costs $528,000 and is depreciated straight-line to zero over its 6- year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $66,000. 0.3 points If the relevant tax rate is 22 percent, what is the aftertax cash flow from the sale of this asset? eBook Ask Multiple Choice Print $115,038.00 0 References $429,012.00 $104,082.00 o $109,560.00
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