An asset used in a 4-year project falls in the 5-year macrs, Ask an Expert

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An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $16,200,000 and will be sold for $3,600,000 at the end of the project.

If the tax rate is 32 percent, what is the aftertax salvage value of the asset?

a. $3,343,795

b. $2,448,000

c. $3,856,205

d. $3,510,985

e. $3,176,605

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92352454

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