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You purchased some fixed assets six years ago at a cost of $165,700. You have been depreciating these assets using straight-line depreciation to a zero
You purchased some fixed assets six years ago at a cost of $165,700. You have been depreciating these assets using straight-line depreciation to a zero book value over 10 years. Today, you are selling these assets for $62,500. What is the aftertax cash flow from this sale if the applicable tax rate is 35 percent?
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