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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