Question
You purchased a machine for $ 1.04 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax
You purchased a machine for $ 1.04 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 35 %. If you sell the machine today (after three years of depreciation) for $743000, what is your incremental cash flow from selling the machine?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
