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1. Staple Corp has an asset with an original cost of $140,000 and accumulated depreciation of $85,000. Staple Corp is considering selling the asset for
1. Staple Corp has an asset with an original cost of $140,000 and accumulated depreciation of $85,000. Staple Corp is considering selling the asset for $30,000 cash. The companys tax rate is 40%. Calculate the after-tax cash inflow from the sale of this asset.
a. $10,000
b. $30,000
c. $20,000
d. $18,000
e. $15,000
f. $40,000
g. $65,000
h. None of the above
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