Question

Brock Florist Company sold their delivery truck in problem (see Problem 7) after three years of service. If MACRS was used for the depreciation schedule, what is the after tax cash flow from the sale of the truck (continue to use 30% tax rate) if
a. The sales price was $15,000?
b. The sales price was $10,000?
c. The sales price was $5,000?



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  • CreatedMay 08, 2014
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