QUESTION
103. Consider an asset that costs $459,000 and is depreciated straight-line to zero over its 6-year tax life. The asset
Category: Business
Subject: Finance
Due Date: 02/03/2016
Question Asked: 2016-02-03 03:24:50
Asked by:
User: LightspeedLearning
Rating: No Rating (0)
Earnings: $1.10
Questions: 369
Tutorials: 369
Send me a message
103. Consider an asset
that costs $459,000 and is depreciated straight-line to zero over its 6-year
tax life. The asset is to be used in a 4-year project; at the end of the
project, the asset can be sold for $120,000. If the relevant tax rate is 34
percent, what is the aftertax cash flow from the sale of this asset?
A. $131,220
B. $127,840
C. $116,500
D. $97,600
E. $79,200
AVAILABLE ANSWERS
103. Consider an asset that costs $459,000 and is depreciated straight-line to zero over its 6-year tax life. The asset
This answer hasn't been purchased yet.
Posted on 2016-02-03 03:24:50
Posted by:
User: LightspeedLearning
Rating: No Rating (0)
earnings: $1.10
Questions: 369
Tutorials: 369
Send me a message
Preview:
...straight-line to zero over its 6-year tax life. The asset is to be used in a ...
The full tutorial is about 69 words long.