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A $125,000 tractor-trailer is being depreciated by the SL method over five years to a final BV of zero. Half-year convention does not apply to

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A $125,000 tractor-trailer is being depreciated by the SL method over five years to a final BV of zero. Half-year convention does not apply to this asset. After three years, the rig is sold for $70,000 or $20,000. If the effective income tax rate is 40%, what is the net cash inflow from the sale for situation (a) and situation (b)

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