After-tax cash flow derived from sale of asset, Accounting Basics

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After-tax cash flow derived from sale of asset

Problem:

An asset with an original cost of $100,000 and a current book value of $20,000 is sold for $50,000 as part of a capital budgeting project. The company has a tax rate of 30%.

Required:

Question: What is the after-tax cash flow derived from the sale of the asset?

A. $50,000

B. $20,000

C. $41,000

D. $6,000

Note: Please show guided help with steps and answer.

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Accounting Basics: After-tax cash flow derived from sale of asset

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Accounting Basics: After-tax cash flow derived from sale of asset

Reference No:- TGS0889065

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: After-tax cash flow derived from sale of asset

Reference No:- TGS0889065

Recent Questions Asked Accounting Basics

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