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Rush Corporation plans to acquire production equipment for $635,000 that will be depreciated for tax...

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Accounting

Rush Corporation plans to acquire production equipment for $635,000 that will be depreciated for tax purposes as follows: year 1, $127,000; year 2, $217,000; and in each of years 3 through 5, $97,000 per year. An 12 percent discount rate is appropriate for this asset, and the company

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