An asset used in a 4-year project falls in the 5-year MACRS
class (MACRS Table) for tax purposes. The asset has an acquisition
cost of $12,240,000 and will be sold for $2,720,000 at the end of
the project.

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Question: An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes….
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Required:

If the tax rate is 34 percent, what is the aftertax salvage
value of the asset?

$2,514,324

$1,795,200

$2,925,676

$2,640,041

$2,388,608

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