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P10-7 Calculating Salvage Value (LO1] Consider an asset that costs $211,200 and is depreciated straight-line to zero over its 12- year tax life. The asset
P10-7 Calculating Salvage Value (LO1] Consider an asset that costs $211,200 and is depreciated straight-line to zero over its 12- year tax life. The asset is to be used in a 5-year project; at the end of the project, the asset can be sold for $26,400. If the relevant tax rate is 21 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice $342,420.00 $44,391.60 $46,728.00 u $49,064.40 $20,856.00
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