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ASAPPPPP!!!! A. firm purchased $62,800 of fixed assets two vears ago. The company no longer needs these assets so it is going to seli them
ASAPPPPP!!!!
A. firm purchased $62,800 of fixed assets two vears ago. The company no longer needs these assets so it is going to seli them today for $28,500. The assets are classifed as five-vear property for MACRS. The MACRS rates are 2,32,192,1152,1152,0576, for Vears 1 to 6 , respectively. What is the net cash flow from this sale if the firm's tax rate is 23 percent and no bonus depreciation is taken? $27,$1660 tan140,19 $26,57400 $2928104 Step by Step Solution
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