An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $8,700,000 and will be sold for $2,280,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset?

Answer rating: 100% (QA)

Heres how to calculate the aftertax salvage value of the asset 1 Calculate Annual Depreciation using ... View the full answer