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Tutus inc. bought a new sewing machine for $40,000 that will be depreciated over 8 years to zero value, using the straight-ine method. If the

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Tutus inc. bought a new sewing machine for $40,000 that will be depreciated over 8 years to zero value, using the straight-ine method. If the sewing machine is sold after 3 years for $28,000, what is the after-tax proceeds on the sale if the firmis tax rate is 40% ? A. $26,800 B. $24,000 c. $26,950 b. $16,800

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