Question
We are thinking of buying a new delivery van. It will cost 30000. We will use three years MACRS for depreciation. We think that at
We are thinking of buying a new delivery van. It will cost 30000. We will use three years MACRS for depreciation. We think that at the end of the third year we can sell it for 10000. The tax rate is 40%. What would be the effect of selling the van on the third year cash flow?
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Business Analysis And Valuation Using Financial Statements Text And Cases
Authors: Krishna G. Palepu, Paul M. Healy, Victor Lewis Bernard, W.Gordon Filby
2nd Edition
0324015658, 9780324015652
