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to open a new store, munoz tire company plans to invest $228,000 in equipment expected...

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Accounting

To open a new store, Munoz Tire Company plans to invest $228,000 in equipment expected to have a four -year useful life and no salvage value. Munoz expects the new store to generate annual cash revenues of $320,000 and to incur annual cash operating expenses of $185,000. Munozs average income tax rate is 35 percent. The company uses straight-line depreciation

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