Question: Question 2: 2xCED6x - This will need to be your question heading for Question 2. The following information relating to an investment in equipment has

 Question 2: 2xCED6x - This will need to be your question

Question 2: 2xCED6x - This will need to be your question heading for Question 2. The following information relating to an investment in equipment has been extracted from the books of Cap-B Ltd: Total purchase price $61,625; salvage value $1,074 at the end of year-3. net sales revenue (relating to the equipment): Year-1 $34,000; Year-2 $28,000 and Year-3 $23,000; applicable tax rate is 30%; and the required rate of return is 12%. If the depreciation rate is 23% under the straight-line method, calculate the tax amount in the third year relating to the sale of the equipment only

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