Multiple Choice
What is the after-tax cash flow that results from the sale of a capital asset for $150,000? Assume that it has a book value of $100,000 and a 40% tax rate.
A) $150,000
B) $90,000
C) $130,000
D) $60,000
E) $170,000
Correct Answer:
Verified
Correct Answer:
Verified
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