Business, 17.04.2020 04:35, akheel4818

Assume the following for a piece of equipment assuming straight-line depreciation: Purchase price $20,000; installation costs of $2,500; 4-Yr useful life with an estimated salvage value of $4,500; tax rate 40%; What would be the cash flow from salvage if the asset sold after 2 years for (a) $15,500 and (b) $7,000?

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Assume the following for a piece of equipment assuming straight-line depreciation: Purchase price $2...