Consider a project with an initial asset cost of $168,000 with depreciation of that asset set as straight-line to zero over seven years. At the end of the project's 3-year life the asset can be sold for $65,000. Use a combined federal and state tax rate of 24 percent. What is the aftertax salvage value

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03-05-2021
Business

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Consider a project with an initial asset cost of $168,000 with depreciation of that asset set as straight-line to zero over seven years. At the end of the project's 3-year life the asset can be sold for $65,000. Use a combined federal and state tax rate of 24 percent. What is the aftertax salvage value

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