In December of 20x4, Atlas Chemical Corporation sold a forklift for $9,255. The machine was...
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Accounting
In December of 20x4, Atlas Chemical Corporation sold a forklift for $9,255. The machine was purchased in 20x1 for $50,000. Since then $38,845 in depreciation has been recorded on the forklift.
Exercise 16-32 Part 3
3. Determine the after-tax cash flow at the time the forklift was sold. The firms tax rate is 31 percent.
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