(Answered) Question - consider an asset that costs 484000 and is

Accounting

Question - Consider an asset that costs $484,000 and is depreciated straight-line to zero over its 8-year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $60,500.

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.)

$903,882.00

$39,930.00

$149,919.00

$142,780.00

$135,641.00

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