The tax rate is 30 percent what is the aftertax salvage


Consider an asset that costs $142,000 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a four-year project. At the end of the project the asset can be sold for $65,000. The tax rate is 30 percent. What is the aftertax salvage value?

Solution Preview :

Prepared by a verified Expert
Finance Basics: The tax rate is 30 percent what is the aftertax salvage
Reference No:- TGS02251323

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)