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The Eaton Company purchased a piece of equipment for $20,000. The equipment has a life of 4 years. At the end of the 4 years, the equipment is sold for $6,000 when the tax basis of the equipment is $4,500. Income tax rate is 35%. The net cash flow from disposal is ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412762

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