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Problem 1: Naga Company is considering the sale of a machine with a book value of P 80,000 and 3 years remaining in its useful life. Straight-line depreciation of P 25,000 annually is available. The machine has a current market value of P 100,000. What is the cash flow from selling the machine if the tax rate is 40%? a. 80,000b. 88,000c. 92,000d. 100,000
goode companyworksheet partialfor the month ended april 30 2008adjusted
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