1. The cash inflow from the sale of a long-term plant asset at a loss is equal to the ________.
amount of the loss plus the loss times the tax rate
amount of the loss
selling price of asset plus the loss times the tax rate
selling price of asset minus the loss times the tax rate
2. The cash inflow from the sale of a long-term plant asset at a loss is equal to the ________.
amount of the loss plus the loss times the tax rate
amount of the loss
selling price of asset plus the loss times the tax rate
selling price of asset minus the loss times the tax rate