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Solve the after-tax final year adjustment from the sale

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Reference no: EM132518277

The Central Intelligence Agency (CIA) needs to invest in the next generation miniature tracking device. The biodegradable microchip was developed by a new machine costing $6,000,000. The machine will be depreciated straight-line to zero over its six-year useful life. Due to technology becoming obsolete very quickly in the spy game, the machine will be sold in 5 years to a competitor for $750,000. The CIA uses a tax rate of 34%.

Question 1: Calculate the after-tax final year adjustment from the sale of the tracking device

Reference no: EM132518277

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