q15

An asset used in a four-year project falls in the five-year MACRS class (MACRS schedule) for tax purposes. The asset has an acquisition cost of $7,200,000 and whl be sold for $1,620,000 at the end of the profect If the fax rate is 24 percent, what is the aftertax $ alvage value of the asset? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Table 9.7 Modified ACRS depreciation allowances