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TUSSLE Corp is considering an asset that costs $153,000 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be
TUSSLE Corp is considering an asset that costs $153,000 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a five-year project. At the end of the project the asset can be sold for $65,000. The tax rate is 24 percent. In the matter of TUSSLE Corp., what is the after-tax salvage value?
A. $53,805.15
B. $21,285.71
C. $59,891.43
D. $63,757.14
E. $65,000.00
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