Solved

An Asset with a Book Value of $320,000 Is Sold

Question 32

Multiple Choice

An asset with a book value of $320,000 is sold at a $240,000 pre-tax gain in a year when the tax rate is 20%._____ is the net after-tax cash inflow resulting from this transaction.


A) $144,000
B) $656,000
C) $512,000
D) $560,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q27: The time it will take to recoup,

Q28: A reduction in a cash outflow _.<br>A)is

Q29: Nominal rate = real rate - inflation.

Q30: When considering a capital?budgeting project, a manager

Q31: Identify which one of the following statements

Q33: ARR = increase in expected average annual

Q34: A positive NPV means that accepting the

Q35: Quoted market interest rate that includes an

Q36: The decline in the general purchasing power

Q37: Williams Corporation is considering the purchase of