Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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question 16
You purchased a machine for $1.03million 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
$733,000, what is your incremental cash flow from selling the machine?
Your total incremental cash flow will be $________.(Round to the nearest cent.)
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