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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.) Year 0 Estimates, $ Estimates, Estimates. Estimates, Estimates, Estimates, Estimates, $ $ $ $ $ GI P OE D TI Taxes CFAT -20 -20 8 11 6.4 1 -2 23 O 0 11 4.4 2 10 --4 10.4 17 6.8 15 o -3 18.8 3 . 10 4 4 15 0 -5 14 >
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