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Walton Company has an opportunity to purchase a forklift to use in its heavy equipment...

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Accounting

Walton Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Walton would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow. Year Nature of Item Cash Inflow Cash Outflow 2018 Purchase price

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