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Posted on Jul 11, 2024

Suppose you sell a fixed asset for $ 9 9 , 0 0 0 when its book value is $ 1 2 9 , 0

Suppose you sell a fixed asset for $

99, 000

when its book value is $

129, 000 .

If your company's marginal tax rate is

21

percent, what will be the effect on cash flows of this sale?

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