What is the current book value after the third year

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Reference no: EM13267417

Jones Company just completed the third year of a five-year MACRS recovery period on a piece of equipment they originally purchased for $295,000. What is the current book value after the third year? If Jones sells the equipment today for $184,000, and its tax rate is 35%, what is the after-tax cash flow from selling it?

Reference no: EM13267417

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