Question
Cowboy Company wishes to sell a machine with a book value of $40,000. The income tax rate is 30%.The machine is sold for $50,000. Required:
Cowboy Company wishes to sell a machine with a book value of $40,000. The income tax rate is 30%.The machine is sold for $50,000.
Required:
A) What is the net after-tax cash flow from the sale of the machine?
B) If the machine is sold for $20,000, what is the net after-tax cash flow from the sale of the machine?
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Portfolio Of Business And Management Audits
Authors: Baumhardt And Partner
1st Edition
3908131006, 978-3908131007
