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Nafisa Corp. paid $10000 when purchasing a truck 9 years ago. The truck was being depreciated over its useful life of 10 years using the
Nafisa Corp. paid $10000 when purchasing a truck 9 years ago. The truck was being depreciated over its useful life of 10 years using the straight-line method. If the company sells the truck for $4537 today, then what is the amount of cash that it will receive after taxes if the company is subject to a 30 percent company tax rate? a. $3476 b. $4537 c. $3509 d. $3176
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