Question
The salvage value of a ten-year-old truck is $10000. If this truck is on the Balance Sheet of a transportation company as a Class 8
The salvage value of a ten-year-old truck is $10000. If this truck is on the Balance Sheet of a transportation company as a Class 8 asset with a CCA rate of 20%, what was the present worth if this salvage value at the time of the truck's purchase if the corporate tax rate is 35% and annual after-tax interest rate is 5%?
A. $10,000
B. $8,200
C. $7,200
D. $4,420
E. $6,240
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The Access Audit Handbook An Inclusive Approach To Auditing Buildings
Authors: Centre For Accessible Environments
3rd Edition
1914124839, 978-1914124839
