Question
Carmen Company has an asset that cost $12,000 and currently has accumulated depreciation of $8,000. Suppose the firm sold the asset for $3,800 and is
Carmen Company has an asset that cost $12,000 and currently has accumulated depreciation of $8,000. Suppose the firm sold the asset for $3,800 and is subject to a 30% income tax rate. The net after-tax cash flow of the disposal is:
A. $3,800
B. $6,000.
C. $8,140.
D. $3,860.
E. None of the answers is correct.
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IT Security Risk Control Management An Audit Preparation Plan
Authors: Raymond Pompon
1st Edition
1484221397, 978-1484221396
