Income Tax Effects Are Associated with All the Following Except

Multiple Choice

Income tax effects are associated with all the following except:

A) Disposition (i.e., sale) of an existing asset at an amount different from the asset's net book value (NBV) .
B) Required increase in net working capital associated with an investment project.
C) Sale of an investment asset at the end of the asset's useful life.
D) Effect of depreciation expense associated with an investment project.
E) Annual net benefits (e.g., reduction in operating expenses) associated with a proposed investment.