Mike S Service Inc Bought A Machine For 200k Exactly 3 Years Ago The Machine Is
Mike’s Service Inc, bought a machine for $200K exactly 3 years ago. The machine is being depreciated straight-line to zero its useful life of 5 years. They have just received an offer of $100K for the machine. If the company’s marginal tax rate is 35%, what is the net cash flow from selling the machine:
65K
80K
93K
100K
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