A company purchases a new delivery vehicle for $58,250. The vehicles estimated useful life is 5 years.

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A company purchases a new delivery vehicle for $58,250. The vehicles estimated useful life is 5 years. What is the approximate cash flow benefit from depreciation in year 2 assuming tax rates are 30% and the company uses straight line depreciation for tax purposes

Posted Date: Jun 06, 2024 05:03 AM

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A company purchases a new delivery vehicle for $58,250. The vehicles estimated useful life is 5 years.

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