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Business, 02.03.2020 21:18 FinnaCryDotJpeg

ABC Corp. purchases a machine in year 0 for $800. They apply straightline depreciation over 5 years, beginning in year 1. ABC uses the machine in years 1, 2, and 3, and then sells it at the end of year 3 (i. e., after depreciation for year 3 has already been applied) for $600. What is the the after-tax cash flow associated with the sale of the machine at the end of year 3 if the corporate tax rate is 50%

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