In December of 20x4, Atlas Chemical Corporation sold a forklift for $18,300. The machine was purchased in 20x1 for $80,000. Since then $59,200 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. After-tax cash flow
In December of 20x4, Atlas Chemical Corporation sold a forklift for $18,300. The machine was purchased in 20x1 for $80,000. Since then $59,200 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. After-tax cash flow
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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[The following information applies to the questions displayed below.]
In December of 20x4, Atlas Chemical Corporation sold a forklift for $18,300. The machine was
purchased in 20x1 for $80,000. Since then $59,200 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.
After-tax cash flow](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F475b0c8f-9dd7-487b-9264-3e04ebb75dff%2F1c8dd6dc-6c96-4660-98f6-e1209c1c09e0%2Frwkbo7f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
In December of 20x4, Atlas Chemical Corporation sold a forklift for $18,300. The machine was
purchased in 20x1 for $80,000. Since then $59,200 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.
After-tax cash flow
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