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Carmen Company has an asset that cost $14,000 and currently has accumulated depreciation of $8,000. Suppose the firm sold the asset for $5,700 and is
Carmen Company has an asset that cost $14,000 and currently has accumulated depreciation of $8,000. Suppose the firm sold the asset for $5,700 and is subject to a 30% income tax rate. The net after-tax cash flow of the disposal is: $6,600. $8,210. $5,700. $5,790. None of the answers is correct
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