Question: Problem 9 - 6 Calculating Salvage Value [ LO 2 ] Consider an asset that costs $ 7 0 0 , 0 0 0 and

Problem 9-6 Calculating Salvage Value [LO 2]
Consider an asset that costs $700,000 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in a 6 year project, at the end of the project, the asset can be sold for $183,000. If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
Aftertax salvage value
 Problem 9-6 Calculating Salvage Value [LO 2] Consider an asset that

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