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QUESTION

A motor car costing $32 000 is depreciated to provide tax deductions of $7 200, $5 580 and $4 325 in years 1, 2 and 3, respectively. The gain on the...

A motor car costing $32 000 is depreciated to provide tax deductions of $7 200, $5 580 and $4 325 in years 1, 2 and 3, respectively. The gain on the salvage value is $105. How much would appear as the cash flow from salvage if the car were included in a project evaluation? 

Question 2 options:

$14 895

$14 790

$15 000

none of the given answers

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