Question
PT Telecom Inc purchased a cell phone tower for $12,000. This tower qualifies for 3-year recovery under MACRS. Use the MARCS Table provided in Lecture
PT Telecom Inc purchased a cell phone tower for $12,000. This tower qualifies for 3-year recovery under MACRS. Use the MARCS Table provided in Lecture 18. The corporate tax rate is 35%. Assume that the cell phone tower is sold for $7,000 at the end of year 4. What is the after-tax salvage value? Group of answer choices
Correct answer is not available
$4,550
$9,550
$11,212
$12,000
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Fundamentals Of Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
2nd Edition
0324406363, 978-0324406368
