Problem $11$

Intro

Time Weiner Inc. is now at the end of the final year of a project. The firm originally

bought some project equipment for $$46,000,$ which could now be sold for

$$27,600.34\%$ of the equipment cost has already been depreciated. The

company's tax rate is $34\%.$

Part $1$

Attempt $\frac{1}{4}$ for $10$ pts$.$

What is the after$-$tax salvage value? If the equipment's final market value is less

than its book value, the firm will receive a tax credit as a result of the sale.