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Business, 21.04.2020 20:55 auriwhite05

Anthony Inc. purchases a machine for $15,000. This machine qualifies as a 5-year recovery asset under MACRS with the fixed percentages as follows for years 1,2,3, and 4 respectively: 20%, 32%, 19.2% and 11.52%. The tax rate is 33%. If the machine is sold at the end of 4 years for $4,000, what is the cash flow from disposal?

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Anthony Inc. purchases a machine for $15,000. This machine qualifies as a 5-year recovery asset unde...
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