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Consider an asset that costs $352,000 and is depreciated straight-line to zero over its 6- year tax life. The asset is to be used in
Consider an asset that costs $352,000 and is depreciated straight-line to zero over its 6- year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $44,000. Required: If the relevant tax rate is 33 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.) Multiple Choice $87,560.00 $83,182.00 O O $91,938.00 O $ 29.800 $29,480.00 $407,012.00
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