A piece of equipment costs $80,000 with a depreciation period of 3 years. The installations are $20,000.
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A piece of equipment costs $80,000 with a depreciation period of 3 years. The installations are $20,000. The recovery percentages are 33%,45%,15 %, and 7% for yera1 to 4, respectively. The corporation tax is 21%. Calculate the cash flows of the equipment.
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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