andrewlindsey0708 andrewlindsey0708

06-04-2024
Mathematics

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A bakery invests $36,000 in a light delivery truck. This was depreciated using the five-year MACRS schedule shown above. If the company sold it immediately after the end of year 2 for $23,000, what would be the after-tax cash flow from the sale of this asset, given a tax rate of 20%?

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