Closets, Closets, Closets, Closets plans to purchase equipment for $50,000 for a project lasting four years. At the end
Posted: Wed Mar 30, 2022 3:46 pm
Closets, Closets, Closets, Closets plans to purchase equipment
for $50,000 for a project lasting four years. At the end of the
project, the accumulated depreciation will be $41,360. If the
estimated market value of the equipment is $20,000 in year 4, what
is the after tax salvage value for this equipment on your project
timeline? Assume a 20% tax bracket.
for $50,000 for a project lasting four years. At the end of the
project, the accumulated depreciation will be $41,360. If the
estimated market value of the equipment is $20,000 in year 4, what
is the after tax salvage value for this equipment on your project
timeline? Assume a 20% tax bracket.