Multiple Choice
The galaxy Corporation disposes a capital asset with an original cost of $180,000 and accumulated depreciation of $91,000 for $47,000. The company's tax rate is 40%. Calculate the after-tax cash inflow from the disposal of the capital asset.
A) $16,800
B) ($16,800)
C) $63,800
D) $89,000
Correct Answer:
Verified
Correct Answer:
Verified
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