(Answered) Low country corporation purchased a machine for 100000

Finance

Low Country Corporation purchased a machine for $100,000, include installation costs. Annual straight-line depreciation is $10,000. If Low Country has a tax rate of 40%, what is the cash flow from salvage or disposal if the machine is sold at the end of the seven years for $20,000?

A) 16000 B) 32000 c) 24000 d) 20250

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