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Business, 27.11.2019 21:31 SearchLight
Ronnie's custom cars purchased some fixed assets two years ago for $105,000. the assets are classified as 5-year property for macrs. ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. ronnie has been offered $54,500 for his old assets. what is the net cash flow from the salvage value if the tax rate is 34 percent?
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