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QUESTION
[3] A bakery invests $40,000 in a light delivery truck. This was depreciated using the five-year MACRS schedule shown above.
[3]
A bakery invests $40,000 in a light delivery truck. This was depreciated using the five-year MACRS schedule shown above. If the company sold it immediately after the end of year 2 for $21,000, what would be the after-tax cash flow from the sale of this asset, given a tax rate of 40%?
