A fixed asset used in a 4-year project falls in the 7-year, Ask an Expert

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A fixed asset used in a 4-year project falls in the 7-year MACRS class for tax purposes. The asset has an acquisition cost of $900 and will be sold for $450 at the end of the project. The tax rate is 34%. Find the cash flow from the sale of the asset.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92344535

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