A machinery was brought in the years 2017 for $100,000. The life of the machinery is...
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A machinery was brought in the years 2017 for $100,000. The life of the machinery is 10 years. The method of depreciation used was straight line to zero. Due to obsolescence, company wants to dispose the asset in the year 2020 and fetch the disposable value of $50,000. If the rate of tax is 30%, the net cash flow from salvage would be ? A machinery was brought in the years 2017 for $100,000. The life of the machinery is 10 years. The method of depreciation used was straight line to zero. Due to obsolescence, company wants to dispose the asset in the year 2020 and fetch the disposable value of $50,000. If the rate of tax is 30%, the net cash flow from salvage would be ?
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SOLUTION The book value of the machinery at the end of year 2019 ie before the disposal can be ca... View the full answer
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Posted Date:
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