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Compaq plans to sell one of its machines for $102,000. The book value of the machine is $90,000. Compute (a) the gain (loss) on the

Compaq plans to sell one of its machines for $102,000. The book value of the machine is $90,000. Compute (a) the gain (loss) on the sale of the machine and (b) the net cash flow that will be generated from the sale of the machine. The marginal tax rate is 40%.

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