Half-year convention does not apply to this asset after 4


A $115,000 bus is being depreciated by the SL method over ten years to a final BV of zero. Half-year convention does not apply to this asset. After 4 years, the rig is sold for $65,000. If the effective income tax rate is 40%, what is the after-tax net cash flow for the year of the sale.

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Finance Basics: Half-year convention does not apply to this asset after 4
Reference No:- TGS0609211

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