Question
You purchased a machine for $1.07 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
$1.07
million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is
25%.
If you sell the machine today (after three years of depreciation) for
$736,000,
what is your incremental cash flow from selling the machine?
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Finance Of International Trade
Authors: Eric Bishop
1st Edition
0750659084, 978-0750659086
