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Required Information Complete the last four columns of the table below using an effective tax rate of 40% for an asset that has a first
Required Information Complete the last four columns of the table below using an effective tax rate of 40% for an asset that has a first cost of $20,000, no salvage value, and a 3-year recovery period. Use straight line depreciation. (All cash flows are in $1000 units.) Estimates, Estimates. Estimates, Estimates, Estimates, Estimates, Estimates, $ $ $ $ $ $ $ Year 0 GI P OE D Taxes CFAT -20 - - -20 1 8 -2 -6.67 -5 0 -.67 18 6 .84 N 15 -4 3.6 -5 4 -1.6 3 14 -3 2.4 0 4 14 -5 4.51
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