XYZ, Inc. purchased a new fixed asset that cost them $695,000 and the Accounting Department...
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XYZ, Inc. purchased a new fixed asset that cost them $695,000 and the Accounting Department has indicated that it will use the straight-line method of depreciation with a useful life of 9-years and no planned salvage value. This new fixed asset will be utilized in a 7-year project. When this project is completed, this asset will be able to be sold for $177,000. The appropriate tax rate is 22 percent. Calculate the appropriate amount for the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g.. 32.) Aftertax salvage value
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