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You purchased a machine for $1.07 million three years ago and have been applying straight-line depreciation to zero for
Posted: Tue Nov 16, 2021 7:37 am
by answerhappygod
- You Purchased A Machine For 1 07 Million Three Years Ago And Have Been Applying Straight Line Depreciation To Zero For 1 (73.63 KiB) Viewed 79 times
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 40%. If you sell the machine today (after three years of depreciation) for $732,000, what is your incremental cash flow from selling the machine? Your total incremental cash flow will be $ (Round to the nearest cent.)