Corporation has taxable income of ($ 300,000) and an income tax rate of (34 %). Simpson is

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Corporation has taxable income of \(\$ 300,000\) and an income tax rate of \(34 \%\). Simpson is considering selling an asset whose original cost is \(\$ 20,000\), with \(\$ 12,000\) of it depreciated. How much total aftertax cash will be generated from the sale of the asset for \(\$ 18,000\) ?

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Management Accounting

ISBN: 12

5th Edition

Authors: Anthony A Atkinson, Robert S Kaplan

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