Business, 12.08.2020 05:01 SoUpsup

You purchased a machine for $1.19 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. Your tax rate is 40%. If you sell the machine today (after three years of depreciation) for $724,000, what is your incremental cash flow from selling the machine?

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You purchased a machine for $1.19 million three years ago and have been applying straight-line depre...