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Low Country Corporation purchased a machine for $100,000, include installation costs. Annual straight-line depreciation is $10,000. If Low Country has a tax rate of 40%,
Low Country Corporation purchased a machine for $100,000, include installation costs. Annual straight-line depreciation is $10,000. If Low Country has a tax rate of 40%, what is the cash flow from salvage or disposal if the machine is sold at the end of the seven years for $20,000?
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