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Please provide excel formulas for blank cells Calculate the Net (after tax) Proceeds of the sales of the two assets for which information is given
Please provide excel formulas for blank cells
Calculate the Net (after tax) Proceeds of the sales of the two assets for which information is given below. Do not round any calculations. Original Cost Accumulated Depreciation Proceeds of Sale (Salvage Value) Tax Rate: Asset 1 1 11,800,500 7,852,000 3,600,000 28.0% Asset 2 2 860,800 540,000 375,000 28.0% Step 1: Net Book Value Step 2: Gain (Loss) Step 3: Tax on Gain (Loss) Cash Flows: Proceeds of Sale: Tax on Gain (Loss)* Net Proceeds: These amounts would be used in a capital budgeting analysis invoving a disposal of fixed assets. Gains create a tax liability and a tax OUTFLOW * Losses provide a tax deduction and a tax INFLOWStep by Step Solution
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