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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Salvage Value. Your firm purchased machinery for $10 million. The machinery falls in to an asset class which has a CCA rate of 25 percent. The project will end after five years. If the equipment can be sold for $4 million at the completion of the project and your firm"s tax rate is 35 percent, what is the after-tax cash flow from the sale of the machinery? Assume that the firm has no other assets in the class and the asset class will be terminated upon the sale of the machinery.
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