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Compute the gain on the sale of the machine

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Reference no: EM132698613

Problem - Towers Elevator Company plans to sell one of its machines to another company for $102,000. The book value of the machine is $90,000.

(a) Compute the gain (loss) on the sale of the machine?

(b) Compute the net cash flow that will be generated from the sale of the machine. Towers' marginal tax rate is 40 percent.

Reference no: EM132698613

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