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Title: An asset with an original cost of $100,000 and a current book value of $20,000 is sold for $50,000 ... Post by: samualson on Jul 6, 2018 An asset with an original cost of $100,000 and a current book value of $20,000 is sold for $50,000 as part of a capital budgeting project. The company has a tax rate of 30%. This transaction will have what impact on the project's initial outlay?
A) reduce it by $20,000 B) reduce it by $50,000 C) reduce it by $6,000 D) reduce it by $15,000 Title: An asset with an original cost of $100,000 and a current book value of $20,000 is sold for $50,000 ... Post by: guzman on Jul 6, 2018 Content hidden
Title: An asset with an original cost of $100,000 and a current book value of $20,000 is sold for $50,000 ... Post by: samualson on Jul 6, 2018 :idea: Correct, thanks!
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