QUESTION
104. An asset used in a 3-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition
Category: Business
Subject: Finance
Due Date: 02/03/2016
Question Asked: 2016-02-03 03:26:53
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104. An asset used in a
3-year project falls in the five-year MACRS class for tax purposes. The asset
has an acquisition cost of $5.4 million and will be sold for $1.2 million at
the end of the project. If the tax rate is 35 percent, what is the aftertax
salvage value of the asset?
Table 9.7 Modified ACRS depreciation allowances
A. $1,075,680
B. $780,000
C. $904,320
D. $1,324,320
E. $1,187,560
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104. An asset used in a 3-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition
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