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D Question 11 5.67 pts Cathy Company sold an asset with a book value of $13,000 which resulted in a $5,000 gain on the sale.
D Question 11 5.67 pts Cathy Company sold an asset with a book value of $13,000 which resulted in a $5,000 gain on the sale. If the company is subject to a 40% income tax rate, the net-of-tax amount that relates to the question). disposal of the existing asset (including the related gain) is: (Ignore present value in answering this O $15,000 O $16,000 $20,000 $10,800 $9,500
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