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What will after-tax salvage value be when machine is sold

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Reference no: EM133150997

Question - McPherson Company must purchase a new milling machine. The purchase price is $42,282, including installation. The machine has a tax life of 5 years, and it can be depreciated according to the following rates. The firm expects to operate the machine for 4 years and then to sell it for $12,885. If the marginal tax rate is 31%, what will the after-tax salvage value be when the machine is sold at the end of Year 4?

Year

Depreciation Rate

1

20%

2

32%

3

19.2%

4

11.52%

5

11.52%

6

5.76%

Reference no: EM133150997

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