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Required information [The following information applies to the questions displayed below.] In December of 204,...

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Accounting

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Required information [The following information applies to the questions displayed below.] In December of 204, Atlas Chemical Corporation sold a forklift for $18,900. The machine was purchased in 20x1 for $90,000. Since then $68,400 in depreciation has been recorded on the forklift. 3. Determine the after-tax cash flow at the time the forklift was sold. The firm's tax rate is 31 percent

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