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A company uses an MACRS 5-year method to depreciate its equipment. There is no salvage...

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Accounting

A company uses an MACRS 5-year method to depreciate its equipment. There is no salvage value after the equipment is used for 10 years. The company learns that the government is proposing to reduce the corporate tax rate from 34% to 21% starting next year. How will the companys operating cash flow change once the tax rate goes down? Explain

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