Two years ago agro inc purchased an ace generator that cost, Ask an Expert

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Two years ago, Agro, Inc., purchased an ACE generator that cost $250,000. Agro had to pay an additional $50,000 for delivery and installation, and the investment in the generator required the firm to increase its net working capital position by $25,000.

The generator, which is being depreciated over a period of five years using straight-line depreciation, has a current market value of $79,550. The firm's marginal tax rate is 40 percent.

If the firm liquidates the asset for its current market value, compute the aftertax proceeds from the sale of the asset.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92091925

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