A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,400,000
Fantastic news! We've Found the answer you've been seeking!
Question:
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,400,000 and can be sold for $705,000 at the end of the project. The asset is in the 5- year MACRS class. The depreciation percentage each year is 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent, respectively. The company's tax rate is 35 percent. What is the aftertax salvage value of the equipment?
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Posted Date: