Business
Business, 27.06.2020 23:01, jayycruz59

YZ Corporation is contemplating the replacement of an existing asset used in the operation of its business. The original cost of this asset was $28,000; since date of acquisition, the company has taken a total of $20,000 of depreciation expense on this asset. The current disposal (market) value of this asset is estimated as $18,000. XYZ is subject to a tax rate, t, of 34%. What is the projected after tax salvage associated with the sale of the existing asset

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