Multiple Choice
An asset with a book value of $160,000 is sold for $120,000.The applicable tax rate is 20%.What is the net after-tax cash inflow resulting from this transaction?
A) $8,000 cash outflow
B) $8,000 cash inflow
C) $48,000 cash inflow
D) $128,000 cash inflow
Correct Answer:
Verified
Correct Answer:
Verified
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