An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The
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An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $8,100,000 and will be sold for $1,980,000 at the end of the project. If the tax rate is 23 percent, what is the after-tax salvage value of the asset?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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