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2. A company using straight-line depreciation purchases an asset for $6,000 and is depreciating this asset to zero over its three year tax life. The

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2. A company using straight-line depreciation purchases an asset for $6,000 and is depreciating this asset to zero over its three year tax life. The company's tax rate is 30%, if the company ends the project after two years and sells this equipment for $500, what will be the after-tax cash flow from the sale of this asset? (ANSWER $950) Then How to calculate book value

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