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Consider an asset that costs $156,000 and is depreciated straight-line to zero over its 10-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold

Consider an asset that costs $156,000 and is depreciated straight-line to zero over its 10-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $22,000. The relevant tax rate is 30 percent. What is the after-tax cash flow from the sale of this asset? A. $34,120 B. $36,600 C. $33,300 D. $15,400

Apr 13 2021 View more View Less

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