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An asset used in a 4-year project falls in the 5-year MACRS class (refer to MACRS...

An asset used in a 4-year project falls in the 5-year MACRS class (refer to MACRS table on page 277), for tax purposes. The asset has an acquisition cost of $16,517,578 and will be sold for $7,378,085 at the end of the project. If the tax rate is 0.28, what is the aftertax salvage value of the asset ?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

I HAVE TAKEN MACRS FIGURES, WHICH ARE NOT ROUNDED. IF YOUR TABLE HAS ROUNDED FIGURES, ANSWER WILL DIFFER, SO PLEASE CHECK, HOW YOUR BOOK HAS PERCENTAGES OF MACRS. ANY CHANGE NEEDED, LET ME KNOW

jeff jeffy answered 1 year ago
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