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Thunder Ice Arena has purchased a new zambezi for $79000. It will be depreciated over 9 years using the straight line depreciation method with zero
Thunder Ice Arena has purchased a new zambezi for $79000. It will be depreciated over 9 years using the straight line depreciation method with zero savage value assumed at end of year 9.
Assuming the ice arena decides to sell after 5 years, and is able to seel it for $29000, what will be after tax cash amount collected from the sale? The tax rate is assumed to be 34%
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