Question: The answer is not $66,680 or $65,500. Consider a project with an initial asset cost of $168,000 with depreciation of that asset set as straight-line

The answer is not $66,680 or $65,500.

Consider a project with an initial asset cost of $168,000 with depreciation of that asset set as straight-line to zero over seven years. Ignore bonus depreciation. At the end of the project's four-year life the asset can be sold for $65,000. Use a combined federal and state tax rate of 24 percent. What is the aftertax salvage value? $68,100 $65,500 $66,050 $72,440 $62,550

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