Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Alpha Car Rental purchased 5 cars for a total of $40,000 each three years ago. Now it is replacing the cars with newer vehicles. The
Alpha Car Rental purchased 5 cars for a total of $40,000 each three years ago. Now it is replacing the cars with newer vehicles. The company has depreciated 92.59% of the old cars, and sold these cars for a total of $ 35,000. Assume a tax rate of 40%. What is the cash inflow from the sale of these vehicles?
WHEN TYPING THE ANSWER THIS IS THE FORMAT 00,000
Please Solve As soon as Solve quickly I get you two UPVOTE directly Thank's Abdul-Rahim Taysir
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