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Suppose Concrete Suppliers Inc. sells one of its $155,000 concrete trucks, with an original five-year economic life, at the end of year 3 after

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Suppose Concrete Suppliers Inc. sells one of its $155,000 concrete trucks, with an original five-year economic life, at the end of year 3 after taking three years of straight-line depreciation. Concrete Suppliers has a 40 percent tax rate. If the truck is sold for its book value, there is no tax effect. If Concrete Suppliers sells the truck for more or less than its book value, there is a gain or loss that has a tax effect a. Show the effects on cash flow in Year 3 if the sales price is $80,000. b. Show the effects on cash flow in Year 3 if the sales price is $20,000. Complete this question by entering your answers in the tabs below. Required A Required B Show the effects on cash flow in Year 3 if the sales price is $80,000. Cash proceeds of sale Book value Net cash effect of sale Ch

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