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Normally, shouldn't we calculate the depreciation tax shield based on 6 0 0 0 ( the cost of the investment ) instead of 4 0

Normally, shouldn't we calculate the depreciation tax shield based on 6000(the cost of the investment) instead of 4000(taking into account the proceeds from the sale of the old equipment)? For instance, if we had Working Capital, even though we would include it in the calculation of the initial investment, we would not take it into consideration while computing the depreciation of the equipment.

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