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What should be captured in the cash flow statement

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Reference no: EM132626288

Initial cost is $66.8m depreciated at 10% using the straight line method. The equipment is sold at the end of year 7 for $12m (loss vs book value of -$8.04m).

Problem 1: What should be captured in the cash flow statement? want to make sure accounting for the sale correctly and not overstating numbers.

Corporate tax rate is 30%

 

Reference no: EM132626288

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