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Question - Depreciation and accounting cash flow A firm in the third year of depreciating its only asset, which originally cost $186,000 and has a 5-year MACRS recovery period, has gathered the following data relative to the current year's operations:
Accruals $14,300
Current assets 116,000
Interest expenses 15,900
Sales revenue 412,000
Inventory 70,900
Total cost before depreciation, Interest and taxes 293,000
Tax rate on ordinary income 21%
Required -
a. Use the relevant date to determine the operating cash flow for the current year.
b. Explain the impact of deprecation, as well as any other noncash charges, has on a firm's cash flow.
c. Complete the following table to determine the operating cash flow (OCF).
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