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Better Health Hospital purchased 4 cars for a total of $100,000 three years ago. Now it is replacing the cars with newer vehicles. The company
Better Health Hospital purchased 4 cars for a total of $100,000 three years ago. Now it is replacing the cars with newer vehicles. The company has depreciated 93.5% of the old cars, and sold these cars for a total of $ 25,000. Assume a tax rate of 30%. What is the cash inflow from the sale of these vehicles?
$25,000 | ||
$15,000 | ||
$17,964 | ||
$19,450 | ||
$17,550 |
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