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Suppose an asset is sold at the end of the project, and its sales price is greater than its book value. The after tax salvage
Suppose an asset is sold at the end of the project, and its sales price is greater than its book value. The after tax salvage cash flow in this case is an amount equal to the:
A. Sales price of the asset
B. Sales price of the asset minus its book value
C. Sales price of the asset minus the tax due based on the difference between the sales price and book value
D. Book value multiplied by the tax rate
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