Reversing rapid co purchases an asset for 183552 this asset, Ask an Expert

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Reversing Rapid Co. Purchases an asset for $183552. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $11802, what is the cash flow from disposal?

Calculate gain or loss on disposal

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91535763

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