Question: You purchased a machine for $ 1 . 1 7 million three years ago and have been applying straight-line depreciation to zero for a seven-year
You purchased a machine for $1.17 milion three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 38%. If you sell the machine today (after three years of depreciation) for $723,000, what is your incremental cash flow from selling the machine? Your total incremental cash flow will be $(Round to the nearest cont.) You purchased a machine for $1.17 milion three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 38%. If you sell the machine today (after three years of depreciation) for $723,000, what is your incremental cash flow from selling the machine? Your total incremental cash flow will be $(Round to the nearest cont.)
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