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MC Qu. 16-83 A machine was sold in December 20x3 for... A machine was sold in December 20x3 for $11,000. It was purchased in
MC Qu. 16-83 A machine was sold in December 20x3 for... A machine was sold in December 20x3 for $11,000. It was purchased in January 20x1 for $17,000, and depreciation of $14,000 was recorded from the date of purchase through the date of disposal. Assuming a 30% income tax rate, the after-tax cash inflow at the time of sale is
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