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ABC Corporation purchased a machine costing $70,000 three years ago. The machine's estimated life was 7 years at the time of purchase. The asset was
ABC Corporation purchased a machine costing $70,000 three years ago. The machine's estimated life was 7 years at the time of purchase. The asset was accounted for using straight-line depreciation with no-salvage value. The machine was sold yesterday for $45,000. The tax rate for the corporation is 21%.
Required: Calculate the after tax cash flow.
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