Aftertax Salvage Value Assignment | Homework For You
Boston Systems purchased a machine five years ago at a cost of $520,000. The machine is being depreciated using the straight-line method over eight years. The tax rate is 25 percent and the discount rate is 12 percent. If the machine is sold today for $221,000, what will the aftertax salvage value be?
$186,775. Get Finance homework help today