At the conclusion of a capital budgeting project, a piece of equipment is expected to be sold
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Question:
At the conclusion of a capital budgeting project, a piece of equipment is expected to be sold for 563,011. At the time of sale, the book value of the equipment would be 233,982. If the income tax rate is 0.39, what is the after-tax cash flow from the sale of the machine?
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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