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Consider an asset that costs $176,000 and is depreciated straight-line to zero over its 11-year tax life. The asset is to be used in a 7-year project; at the end of the project, the asset can be sold for $85,000. The relevant tax rate is 30 percent. What is the amount of the aftertax salvage value of this asset?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92330531

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