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A machine was purchased 1 year ago for $50,000. At the time of purchase, it had an estimated life of 5 years with no salvage
A machine was purchased 1 year ago for $50,000. At the time of purchase, it had an estimated life of 5 years with no salvage value. Now, 1 year later, it can be sold for $45,000. The corporate tax rate is 36.5%. What are the total net cash proceeds from the sale of the equipment
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