assume that your company purchased an asset in 2016, cost 200,000 (use the currency used to…

assume that your company purchased an asset in 2016, cost 200,000 (use the currency used to prepare the financial statements). the new asset will be depreciated using MACRS 5 years recovery period. the asset was sold in 2020 for 50,000. the firm had the opportunity in 2016 to open a new branch in Amman, the new branch was supposed to cost 170,00 but the BOD’s voted for obtaining the asset. Moreover, the firm paid 80,000 to test the market, and 2.000 invested in current assets at time zero. if the discount rate = 8% test whether this decision was a good investment decision for your company or not? explain ?