Chp 10 3. Assume the following for a piece of equipment

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Chp 10 3. Assume the following for a piece of equipment

 

chp 10 3. Assume the following for a piece of equipment: Purchase price $15,000; installation costs of $1,000; 5-Yr useful life with an estimated salvage value of $3,000; tax rate 35%; What would be the cash flow from salvage if the asset sold after 3 years for (a) $9,000 and (b) $5,500?

 

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Chp 10 3. Assume the following for a piece of equipment

Best Chp 10 3. Assume the following for a piece of equipment

Chp 10 3. Assume the following for a piece of equipment