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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 the cost of the investment instead of 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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