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Which one of the following is the correct method for computing the net cash flow on the sale of a piece of equipment? (Assume that

Which one of the following is the correct method for computing the net cash flow on the sale of a piece of equipment? (Assume that the equipment was the only asset in its CCA pool.)

Multiple Choice

(Selling price)(Tc)

(Book value - selling price)(1 - Tc)

(Selling price - book value)(Tc)

(Book value - selling price)(Tc)

(Selling price - book value)(1 - Tc)

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