A corporation purchased a machine for 60000 five years ago, Ask an Expert

Economics

A corporation purchased a machine for $60,000 five years ago. It had an estimated life of 10 years and an estimated salvage value of $9,000. The current BV of this machine is $34,500. If the current MV of the machine is $40,500 and the effective income tax rate is 29%, what is the after-tax value of the machine? Use the outsider viewpoint.

ote: Focus of gain (loss) on selling the asset (refer chapter 7) and consider this amount in the MV of the machine.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867056

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