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XYZ Consulting bought new building for its headquarters in the year 2010. The purchase cost was 786,850 dollars and in addition it had to spend
XYZ Consulting bought new building for its headquarters in the year 2010. The purchase cost was 786,850 dollars and in addition it had to spend 73,202 dollars adapting the space for its services. The building has been in use since June 5, 2010. TVM Consulting forecasted that in 2040 the building would have a net salvage value of $1,000,000. Using the US Straight Line Depreciation Schedule, estimate the Net Cash Flow from Salvage Value if XYZ consulting decides to sell the building on April 21, 2014 for $1,437,953, and that the prevailing tax rate for capital gains is 34%. (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)
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