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Question 1: Maz Corporation purchased equipment for $20,400. The equipment has an estimated life of six years and an estimated disposal value of $2,000, but for tax purposes the salvage value will be zero. Maz sold for $3,000 the old equipment that had an undepreciated cost of $2,500. Assuming a tax rate of 40-percent, how much was the cash outlay for the new equipment?
Group of answer choices
Option 1: $17,400
Option 2: $19,200
Option 3: $17,600
Option 4: $20,400
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