INTERMEDIATE ACCT.(LL)-W/WILEYPLUS
17th Edition
ISBN: 9781119598572
Author: Kieso
Publisher: WILEY
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Darwin Systems sells a fixed asset for $126,000 when its book value is $149,000. If the company's marginal tax rate is 38%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax free cash flow from the sale)?
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