Required information

EX $16-32($Algo$)$ Gain or Loss on Disposal $($Section $2)($LO $16-4)$

$[$The following information applies to the questions displayed below.$]$

In December of $204,$ Atlas Chemical Corporation sold a forklift for $$9,100.$ The machine was purchased in $201$ for

$$45,000.$ Since then $$34,200$ in depreciation has been recorded on the forklift.

EX $16-32($Algo$)$ Part $3$ Determine the after$-$tax cash flow at the time the forklift was sold.

Determine the after$-$tax cash flow at the time the forklift was sold. The firm's tax rate is $31$ percent.

After$-$tax cash flow