Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. consider an asset that costs $635,000 and is depre

Consider an asset that costs $635,000 and is depreciated straight-line to zero over its eight-year...

60.1K

Verified Solution

Question

Finance

image
Consider an asset that costs $635,000 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $105,000. If the relevant tax rate is 22 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Aftertax salvage value

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

There are students, as well as faculty, who are active in campus politics. All who are...

Chemistry
1.2K views

For Kl and lithium phosphate give the cation name and symbol, anion name and symbol, and...

Physics
1.2K views

Twelve identical resistors are arranged on all edges of a cube Then find the equivalent...

Geometry
1.2K views

units Question 2 12 5 points Consider a partial set of ordered values of the...

Basic Math
1.2K views

the top of the table will be parallel to the ground asure of angle x...

Statistics
1.2K views

Use the grid to draw the graph of each line 12 y 3x 1 13...

Algebra
1.2K views

Consider the following polynomial inequality x x 6 x 7 0 Step 1 of 2...

Accounting
1.2K views

Dissolution of a partnership firm refers to? a. All assets will be realized and liabilities...

Accounting
1.2K views

cash account balance during the month, bavarian auto co. received $435,050 in cash and paid...

Accounting
1.2K views

At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts...

Accounting
1.2K views

range.) (Round the "Variable cost per unit" to 2 decimal places.) 2. Using the high-low...

Accounting
1.2K views

Each of A Corp.s and B Corp.s entire outstanding capital stock consists of 100 shares...