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22. The Jones Company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for

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22. The Jones Company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $300,000. a. What is the book value of the equipment? b. If Jones sells the equipment today for $180,000 and its tax rate is 35%, what is the after-tax cash flow from selling it

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