In 2002 a Firm Completed the Present-Worth Tax Calculations for the Value

Multiple Choice

In 2002 a firm completed the present-worth tax calculations for the value of the salvage cost of an asset that had reached the end of its useful life. For this purpose, the firm

A) multiplied the salvage value of the asset by d, where d is a depreciation rate.
B) multiplied the salvage value of the asset by (1 - d) , where d is a depreciation rate.
C) multiplied the salvage value of the asset by (1 - t) , where t is a corporate tax rate.
D) multiplied the salvage value of the asset by the CTF.
E) multiplied the salvage value of the asset by the CSF.