Answered: Cyber Grid Solutions sold a capital…

Cyber Grid Solutions sold a capital asset for $95,000. The book value of the asset was $70,000, and the corporate tax rate is 35%. What is the 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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What is the after tax cash flow from this sale on this financial accounting question?

Cyber Grid Solutions sold a capital asset for $95,000. The
book value of the asset was $70,000, and the corporate tax
rate is 35%. What is the after-tax cash flow from this sale?

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