You purchased a machine for $1.11 million three years ago and have been applying straight-line depreciation...
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You purchased a machine for $1.11 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 40%. If you sell the machine today (after three years of depreciation) for $781,000, what is your incremental cash flow from selling the machine? CITT Your total incremental cash flow will be $. (Round to the nearest cent.) You purchased a machine for $1.11 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 40%. If you sell the machine today (after three years of depreciation) for $781,000, what is your incremental cash flow from selling the machine? CITT Your total incremental cash flow will be $. (Round to the nearest cent.)
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Annual depreciationCostResidual valueUseful life 11100007 ... View the full answer
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