You purchased a machine for $ 1.12 million three years ago and have been applyingstraight-line depreciation to
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Question:
You purchased a machine for $ 1.12 million three years ago and have been applyingstraight-line depreciation to zero for aseven-year life. Your tax rate is 38 %.
If you sell the machine today(after three years ofdepreciation) for $ 767,000.
what is your incremental cash flow from selling themachine?
Round to the answer to nearestcent
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