Question
You purchased equipment for $500,000 for a project that has a 8 year life. The tax office states that the equipment can be depreciated
You purchased equipment for $500,000 for a project that has a 8 year life. The tax office states that the equipment can be depreciated straight-line to zero over 10 years. You expect to sell the equipment for 60,000 at the end of the project's life. If the tax rate is 30%, what is the expected after tax salvage value at the end of the project's life?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
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