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You purchase a new piece of equipment for $200,000 to be used in a project that will last 4 years. If it is depreciated on
You purchase a new piece of equipment for $200,000 to be used in a project that will last 4 years. If it is depreciated on a straight-line basis over 5 years, and you sell this fixed asset at the end of the project (after 4 years) for $35,000, what is your after-tax salvage cash flow? (Assume a 20% tax rate.)
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
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