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Your firm purchased equipment 4 years ago. The initial book value of the equipment was $335,000 and it was set up to be depreciated straight-line
Your firm purchased equipment 4 years ago. The initial book value of the equipment was $335,000 and it was set up to be depreciated straight-line for 7 years to a book value of $55,000. The equipment can be sold today for $53,000. Depreciation has been taken for 3 years. The firms tax rate is 28%. What is the salvage cash flow from selling the equipment? A. 72786.40 B. 98360.00 C. 77704.40 D. 82622.40 E. 87540.40 F. 93442.00.
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