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