Advanced Accounting 14th Edition
14th Edition
ISBN: 9781260726442
Author: By Joe Ben Hoyle And Thomas Schaefer And Timothy Doupnik
Publisher: Mc Grawhill Education
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A business purchases depreciable equipment for $300
and sells it several years later for $240. At the time of
the sale, accumulated depreciation totals $160. If the
company's tax rate is 30%, what is the total after-tax
cash flow that will result from selling this asset?
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