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Question 8 An asset with an initial value of R50 000, a current book value of R10 000 after being depreciated using the straight-line approach

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Question 8 An asset with an initial value of R50 000, a current book value of R10 000 after being depreciated using the straight-line approach for 4 of its 5 years' useful life, is sold for R20 000. What is the after-tax amount that will be received for the asset if the tax rate applicable is 30%? A. R17000 B. R14 000 C. R10 000 D. R20 000

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