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st: Week #6 Chapter # 1 nest s Question: 1 pt 5 of 18 (0 complete) plant asset with a book value of$320,000 is soldfor

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st: Week #6 Chapter # 1 nest s Question: 1 pt 5 of 18 (0 complete) plant asset with a book value of$320,000 is soldfor $400,000. The tax rate is 20%. What is the tax effect of the gain on sale? OA. $16,000 cash outflow OB. $16,000 cash inflow O C. $80,000 cash inflow O D. $64,000 cash inflow

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