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Dennys Corp. purchased some fixed assets two years ago for $39,000. The assets are classified as 5-year property for MACRS. The firm is considering selling
Dennys Corp. purchased some fixed assets two years ago for $39,000. The assets are classified as 5-year property for MACRS. The firm is considering selling these assets now for a market price of $19,000. Assume a tax rate of 34%, the net cash flow from the salvage value is $_____________ [Round your answers to two decimals; do not use comma to separate the thousands]
MACRS 5-year property
Year Rate
1 20.00%
2 32.00%
3 19.20%
4 11.52%
5 11.52%
6 5.76%
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