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Straight-line depreciation will be used and a 29 tax rate

The Thomas Company wishes to buy a $65,085 piece of equipment with an estimated useful life of 7 years and an estimated $7,703 salvage value. Annual cash inflows and outflows are targeted at $15,078 and $6,583 respectively. Straight-line depreciation will be used and a 29% tax rate is applicable. The net annual cash benefit would

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Accounting Basics: Straight-line depreciation will be used and a 29 tax rate

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