The firm purchased a truck five year ago for 15000 the, Ask an Expert

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The firm purchased a truck five year ago for $15,000. The truck is halfway through its 10-year life, but you must sell the truck. You have taken $2000 of depreciation on the truck each year. The dealer will only pay $7500 for the truck. The tax rate associated with any gain or loss is 30%. What is the aftertax cashflow from the sale of the truck?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91779168

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