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Cathy Company sold an asset with a book value of $13,000 which resulted in a $5,000 loss on the sale. If the company is subject

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Cathy Company sold an asset with a book value of $13,000 which resulted in a $5,000 loss on the sale. If the company is subject to a 30% income tax rate, the net-of-tax amount that relates to the disposal of the existing asset (including the related loss) is: (Ignore present value in answering this question). $5,600 $9,500 $11,500 $6,500 $4,500

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