Problem
A machine was purchased for $60,000 and depreciated, using SOYD depreciation, over 15 years with a $5000 salvage value. If the machine is sold for $2000 in year 10, what is the after-tax cash flow due to depreciation and sale in year 10? Assume that the firm is in the top tax bracket.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.