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Consider an asset that costs $492,800 and is depreciated straight-line to zero over its 8-year...

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Accounting

Consider an asset that costs $492,800 and is depreciated straight-line to zero over its 8-year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $61,600.

Required :

If the relevant tax rate is 33 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

rev: 09_18_2012

$142,912.00

$135,766.40

$895,060.00

$41,272.00

$150,057.60

Answer & Explanation Solved by verified expert
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