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Company X has decided to sell an asset for $100,000. It bought the asset for $200,000, and as of the time of sale, it had
Company X has decided to sell an asset for $100,000. It bought the asset for $200,000, and as of the time of sale, it had taken total accumulated depreciation charges of $50,000 on that asset. Assuming a tax rate of 30%, what is the after-tax cash flow on the sale of the asset? Multiple Choice $115,000 O $100,000 O $85,000 $50,000 $150,000 O
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