Determine the after-tax cash inflow at the time of sale

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Question - A machine was sold in December 20x3 for $20,000. It was purchased in January 20x1 for $26,000, and depreciation of $23,000 was recorded from the date of purchase through the date of disposal. Assuming a 20% income tax rate, determine the after-tax cash inflow at the time of sale?

Reference no: EM133059877

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