Question
The Golden Shades Corporation disposes a capital asset with an original cost of $310,000 and accumulated depreciation of $150,000 for a salvage price of $42,000.
The Golden Shades Corporation disposes a capital asset with an original cost of $310,000 and accumulated depreciation of $150,000 for a salvage price of $42,000. Silver? Shades's tax rate is 30?%.
Calculate the after?tax cash inflow from the disposal of the capital asset.
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An Internal Audit
Authors: Mette Marx
1st Edition
0998140910, 978-0998140919
