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BB Corp. purchased a truck that currently has a book value of $900. If the firm sells the truck for $2,500 today, then what is
BB Corp. purchased a truck that currently has a book value of $900. If the firm sells the truck for $2,500 today, then what is the amount of cash that it will net after taxes if the firm is subject to a 30 percent marginal tax rate?
A. $2,020
B. $750
C. none of these
D. $1,600
E. $1,750
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