Equipment that cost $8,000 and has accumulated depreciation of $7,400 has a book value of...
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Finance
Equipment that cost $8,000 and has accumulated depreciation of $7,400 has a book value of $600. If this asset is sold for $1,300 and the tax rate is 30%, what is the after-tax salvage value?
Multiple Choice
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$2,000 - $210 = $1,790
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$2,000 + $210 = $2,210
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$1,300 - $210 = $1,090
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$1,300 + $210 = $1,510
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