Wong Exporters purchased an $89,000 truck that belongs in CCA class 10 (a 30% class). The company has a marginal tax rate of 33% and a discount rate of 12%. After 3 years, the company expects to sell the truck for $36,501. 

What is the after-tax salvage value at the time of the intended sale? (Assume that Wong owns several other vehicles.)

 

Answer rating: 100% (QA)

Answer To calculate the aftertax salvage value at the time of the intended sale we need to d... View the full answer