Suppose you sell a fixed asset for 77000 when its book, Financial Accounting

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Suppose you sell a fixed asset for 77000 when its book

Suppose you sell a fixed asset for $77,000 when it's book value is $84,000. If your company's marginal tax rate is 33%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?

$84,000

$51,590

$7,000

$79,310

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Financial Accounting: Suppose you sell a fixed asset for 77000 when its book

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Financial Accounting: Suppose you sell a fixed asset for 77000 when its book

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