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Question 44 1 pts Scenario: A company is considering purchasing a fixed asset that costs $2,678,976 and has a life of 12 years. The fixed
Question 44 1 pts Scenario: A company is considering purchasing a fixed asset that costs $2,678,976 and has a life of 12 years. The fixed asset would be used in a project that lasts 6 years. At the end of the project the asset could be sold for $560,750. The asset is depreciated to zero using straight-line depreciation, and the firm's tax rate is 24%. The book value of the asset at the end of the project is $0. O True O False Question 45 1 pts Scenario: A company is considering purchasing a fixed asset that costs $2,678,976 and has a life of 12 years. The fixed asset would be used in a project that lasts 6 years. At the end of the project the asset could be sold for $560,750. The asset is depreciated to zero using straight-line depreciation and the firm's tax rate is 24%. The after-tax salvage value of the asset is $747,647.12. O True O False
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