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samualson samualson
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5 years ago
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
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Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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guzmanguzman
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samualson Author
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#2
5 years ago
Electric Light Bulb Correct, thanks!
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