Consider an asset that costs $695,000 and is depreciated straight-line to zero over its 9-year...
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Accounting
Consider an asset that costs $695,000 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in a 7-year project; at the end of the project, the asset can be sold for $177,000. If the relevant tax rate is 22 percent, what is the aftertax cash flow from the sale of this asset?
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