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Suppose Concrete Suppl after taking three years of straight-line depreciation. Concrete Suppliers has a 40 percent tax rate. If the truck is sold for its

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Suppose Concrete Suppl after taking three years of straight-line depreciation. Concrete Suppliers has a 40 percent tax rate. If the truck is sold for its book valu there is no tax effect. If Concrete Sup effect. ers Inc. sells one of its $155,000 concrete trucks, with an original five-year economic life, at the end of year pliers sells the truck for more or less than its book value, there is a gain or loss that has a tax a. Show the effects on cash flow in Year 3 if the sales price is $80.000. b. Show the effects on cash flow in Year 3 if the sales price is $20,000. Complete this question by entering your answers in the tabs below Required ARequired B Show the effects on cash flow in Year 3 if the sales price is $80,000 Cash proceeds of sale Book value Net cash offect of sale Required B>

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