A company sells manufacturing equipment for $85,000. The equipment's book value is $95,000. If the company's marginal tax rate is 35 percent, what will be the total after- tax cash flow from this sale?

A company sells manufacturing equipment for $85,000. The equipment's book value is $95,000. If the company's marginal tax rate is 35 percent, what will be the total after- tax cash flow from this sale?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...

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I need this question answer general Accounting

A company sells manufacturing equipment for $85,000.
The equipment's book value is $95,000. If the company's
marginal tax rate is 35 percent, what will be the total after-
tax cash flow from this sale?

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