Answered step by step
Verified Expert Solution
Question
1 Approved Answer
15. The Fortive Corporation disposes a capital asset with an original cost of $180,000 and accumulated depreciation of $111,000 for $56,000. Fortives tax rate is
15. The Fortive Corporation disposes a capital asset with an original cost of $180,000 and accumulated depreciation of $111,000 for $56,000. Fortives tax rate is 40%. Calculate the after-tax cash inflow from the disposal of the capital asset.
A) $5,200
B) ($5,200)
C) $61,200
D) $69,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started