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No excel please. Thank you. Southern Inc. purchases an asset for $82,000. This asset qualifies as a 3-year recovery asset under MACRS with the fixed
No excel please. Thank you.
Southern Inc. purchases an asset for $82,000. This asset qualifies as a 3-year recovery asset under MACRS with the fixed depreciation percentages as follows: year 1 = 33.33%, year 2 = 44.45%, year 3 = 14.81%, and year 4 = 7.41%. Southern has a tax rate of 30%. If the asset is sold at the end of 3 years for $20,000, what is the cash flow from disposal? $12,658 $19,779 $10,127 $24,723 O $15,823Step by Step Solution
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