Hunters paradise purchased 568000 of equipment 4 years ago., Ask an Expert

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Hunter's Paradise purchased $568,000 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $199,500. What is the aftertax cash flow from this sale if the tax rate is 35 percent? The MACRS allowance percentages are as follows, commencing with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9403272

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