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Calculating Salvage Value

Consider an asset that costs $404,800 and is depreciated straight-line to zero over its 10-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $50,600.

Required :

If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92715406

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