Question
Suppose that you will sell a piece of equipment for $45,000 even though it has been depreciated down to a book value of $25,000. If
Suppose that you will sell a piece of equipment for $45,000 even though it has been depreciated down to a book value of $25,000. If your company faces a tax rate of 35%, what will be the after-tax cash flow associated with this sale?
| $25,000 | ||
| $29,250 | ||
| $38,000 | ||
| $45,000 |
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
