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You purchase a machine for $60,000, depreciated straight line to a zero over its five year life. If the machine is sold at the end
You purchase a machine for $60,000, depreciated straight line to a zero over its five year life. If the machine is sold at the end of the year five for $20,000, what are the after-tax proceeds from the sale, assuming your tax rate is 21%? A) $ 15,800 BY $ 12000 C]$ 20,000 D) $ 9,300 E) S 8000
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