Wofford College Operations And Supply Chain Management Assignment Help - Salvage Value
Question - Problem 9-6 Calculating Salvage Value [LO 2]
Consider an asset that costs $684,600 and is depreciated straight-line to zero over its seven-year tax
life. The asset is to be used in a four-year project; at the end of the project, the asset can be sold for
$135,300.(Do not round intermediate calculations.)
If the relevant tax rate is 35 percent, what is the aftertax cash flow from the sale of this asset?
Aftertax salvage value $
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