1.

A machinery was brought in the years 2017 for $100000. The Life of the machinery is 10 years. The method of depreciation used was straight t line to zero. Due to obsolescence, company wants to dispose the asset in the year 2020 and fetch the disposable value of $50000. If the rate of tax is 30%, the net cash flow from salvage would be

Answer»

ong>ANSWER:

The net cash flow from SALVAGE would be of -$35000



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