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A firm has just purchased a new piece of equipment for $19,000. The equipment will...

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Accounting

A firm has just purchased a new piece of equipment for $19,000. The equipment will cost an additional $2,000 to be delivered and installed. Based on IRS guidelines, the equipment will be depreciated using a 5-year MACRS schedule. The firm plans on using the equipment for three years and then selling the equipment for $15,000. The tax rate facing the firm is 34%. What will be the cash flow from selling the equipment in three years?

Question 12 options:

$11,956

$12,152

$11,760

$9,472

$9,092

Answer & Explanation Solved by verified expert
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