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Onxy Onxy
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7 years ago
The Hopewell Factory disposes a capital asset with an original cost of $195,000 and accumulated depreciation of $115,000 for $55,000. The managerial accountant has a tax rate of 40%.
Required
Compute the after-tax cash inflow from the disposal of the capital asset (include proceeds).
A) $45,000
B) $55,000
C) $60,000
D) $65,000
E) $67,200
Textbook 
Managerial Accounting: Decision Making and Motivating Performance

Managerial Accounting: Decision Making and Motivating Performance


Edition: 1st
Authors:
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noitulovenoitulove
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7 years ago
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Onxy Author
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7 years ago
Good timing, thanks!
Gorgio_De
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Yesterday
Just got PERFECT on my quiz
courtneyrmcd
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2 hours ago
this is exactly what I needed
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