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Problem:

Consider an asset that costs $684,600 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a four-year project; at the end of the project, the asset can be sold for $135,300.

Task:

Question: If the relevant tax rate is 35 percent, what is the after-tax cash flow from the sale of this asset?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172861

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