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soniashah71
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Joined: 06 Jan 2010
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Posted: 11 Jul 2011 at 14:42 \| IP Logged

Why is the salvage value 10K. What about the taxes?

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Mars
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Joined: 11 Mar 2007
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Posted: 11 Jul 2011 at 15:52 \| IP Logged

soniashah71 wrote:

Why is the salvage value 10K. What about the taxes?

I guess u didn't see my previous post, please check it

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puckhead23
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Joined: 21 Nov 2010
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Posted: 11 Jul 2011 at 22:07 \| IP Logged

Salvage value is only going to have taxable impact if you sell at a gain or loss. Since it is not given, assume no gain or loss on sale of equipment.

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soniashah71
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Posted: 13 Jul 2011 at 10:35 \| IP Logged

Thanks Everyone......

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