Compute firms d net cash flow attributable to the asset

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Reference no: EM13135809

In 2009 Firm D paid 50,000 cash to purchase a tangible asset. In 2009 and 2010 it deducted $3,140 and $7,200 deprecation with respect to the asset. The marginal tax rate in both years was 35%.

Compute Firms D’s net cash flow attributable to the asset purchase in each year and compute Firms D’s the adjusted basis in the asset at the end of each year?

Reference no: EM13135809

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