An asset used in a four-year project falls in the five-year MACRS class (MACRS Table) for tax purposes. The asset has an
Posted: Tue Nov 16, 2021 8:22 am
An asset used in a four-year project falls in the five-year
MACRS class (MACRS Table) for tax purposes. The asset has an
acquisition cost of $7,200,000 and will be sold for $1,620,000 at
the end of the project. If the tax rate is 24 percent, what is
the aftertax salvage value of the asset? (Do not round
intermediate calculations and round your answer to the nearest
whole number, e.g., 32.)
After tax salvage value
= ______________
MACRS class (MACRS Table) for tax purposes. The asset has an
acquisition cost of $7,200,000 and will be sold for $1,620,000 at
the end of the project. If the tax rate is 24 percent, what is
the aftertax salvage value of the asset? (Do not round
intermediate calculations and round your answer to the nearest
whole number, e.g., 32.)
After tax salvage value
= ______________