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Use the table below to answer this question. Ronnie's Custom Cars purchased some fixed assets two years ago for $55,000. The assets are classified as
Use the table below to answer this question. Ronnie's Custom Cars purchased some fixed assets two years ago for $55,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $29,500 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent? 26,400.00 $22,701.36 $29,500.00 $28,446.00 $24,855.60
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