Question: Please help me to solve this problem and explain. Merrill Enterprises Inc. is disposing of depreciable assets it has held for 3 years. Merrill's purchasing

Please help me to solve this problem and explain.

Merrill Enterprises Inc. is disposing of depreciable assets it has held for 3 years. Merrill's purchasing agent acquired the assets for $160,000, and the MACRS accumulated depreciation presently equals $92,800. The marginal income tax rate for the company is 34 percent. Calculate Merrill's disposal cash flow from the following transactions: Selling the assets for $180,000 Selling the assets for $67,200. Selling the assets for $40,000

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