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P25-3B Cologne Corporation is considering a new project requiring a $25,000 inve

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P25-3B Cologne Corporation is considering a new project requiring a $25,000 investment in an asset having no salvage value. The project would produce $15,000 of pretax income before depreciation at the end of each of the next six years. The company�s income tax rate is 30%. In compiling its tax return and computing its income tax […]

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