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You bought a new machine for $6 million and spent an additional $515,575 for the installation eight years ago. The machine was to be linearly
You bought a new machine for $6 million and spent an additional $515,575 for the installation eight years ago. The machine was to be linearly depreciated (straight-line depreciation) to zero over 30 years. The company has just sold the machine for $4.2 million, and its marginal tax rate is 21.6%. What is the after-tax cash flow from salvage value?
can you please show work and how to do on excel
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