Liberty Services is now at the end of the final year of a project. The equipment was
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Liberty Services is now at the end of the final year of a project. The equipment was purchased prior to the new tax law and originally cost $30,000, of which 75% has been depreciated. The firm can sell the used equipment today for $10,500, and its tax rate is 25%. What is the equipment’s after-tax salvage value for use in a capital budgeting analysis?
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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