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The galaxy Corporation disposes a capital asset with an original cost of $220,000 and accumulated depreciation of $111,000 for $50,000. The company's tax rate is
The galaxy Corporation disposes a capital asset with an original cost of $220,000 and accumulated depreciation of $111,000 for $50,000. The company's tax rate is 40%. Calculate the after-tax cash inflow from the disposal of the capital asset. A) $109,000 OB) $23,600 C) ($23,600) OD) $73,600
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