Transportation-is-us inc purchased a truck four years ago, Financial Management

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Transportation-is-us inc purchased a truck four years ago

Transportation-Is-Us INC. purchased a truck four years ago. At the time, the firm paid $400,000 for the truck, and started depreciating the truck using straight-line depreciation over a ten-year life. However, the company no longer has need of the truck and plans to sell it for $300,000. Assuming a tax-rate of 25%, what is the total after-tax cash flow from this sale?

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Financial Management: Transportation-is-us inc purchased a truck four years ago

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