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Zet Lag Company purchased a truck that currently has a book value of $1,000. If the company sells the truck for $5,000 today, then what
- Zet Lag Company purchased a truck that currently has a book value of $1,000. If the company sells the truck for $5,000 today, then what is the amount of cash that it will net after taxes if the company is subject to a 30 percent company tax rate?
a. $1,200
b. $3,800
c. $4,000
d. $5,000
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