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Business, 12.08.2021 23:00 crayons18

An asset for drilling was purchased and placed in service by a petroleum production company. lts cost basis is $60,000, and it has an estimated MV of $12,000 at the end of an estimated useful life of 15 years. If the expected annual net revenue from this asset is $8,000, what is the after-tax cash flow for year 5 (end of year 5)? The company's paying income tax at the 1500 rate, and the 150% DB method is used for depreciation. Round to the nearest integer.

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An asset for drilling was purchased and placed in service by a petroleum production company. lts cos...
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