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You buy $1,000 of fixed assets and increase Net Working Capital by $100. You sell a replaced asset for $500. The replaced asset has a

You buy $1,000 of fixed assets and increase Net Working Capital by $100. You sell a replaced asset for $500. The replaced asset has a book value of $600. The tax rate is 30% The ICO is:

A.

$430.

B.

$570.

C.

$500.

D.

$630

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