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Depreciation and accounting cash flow A firm in the third year of depreciating its only asset, which originally cost $ which originally cost $180,000 and

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Depreciation and accounting cash flow A firm in the third year of depreciating its only asset, which originally cost $ which originally cost $180,000 and has a 5-year MACRS recovery period, has gathered the following data relative to the current year's operations. Accruals $15,000 Current assets 120,000 Interest expense 15,000 Sales revenue 400,000 Inventory 70,000 Total costs before depreciation, interest, and taxes 290,000 Tax rate on ordinary income 40%

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