Question
You purchased a machine for $1.01 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate
You purchased a machine for $1.01 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 38%. If you sell the machine today (after three years of depreciation) for $708,000, what is your incremetal cash flow from the selling machine?
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The Certified Lease And Finance Professionals Handbook
Authors: Deborah Reuben, Certified Lease & Finance Professionals, Equipment Finance Industry Experts
6th Edition
171743388X, 978-1717433886
