Question
Red Dirt Industries sold a piece of equipment for $75,632. The book value of the equipment is $30,660. If Red Dirt's marginal tax rate is
Red Dirt Industries sold a piece of equipment for $75,632. The book value of the equipment is $30,660. If Red Dirt's marginal tax rate is 28 percent, what will be the after-tax cash flow of this sale? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR (example: 18630).
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
