You purchase equipment for $459,906. This cost will be depreciated straight-line to zero over the project's 9-year
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You purchase equipment for $459,906. This cost will be depreciated straight-line to zero over the project's 9-year life. Based on past information, you believe that you can sell the equipment for $34,988 when you are done with it in 9 years. The company's marginal tax rate is 21%.
Calculate the after-tax salvage value.
Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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