Which one of the following is the correct method for computing the net cash flow on the sale of a piece of equipment? (Assume that the equipment was the only asset in its CCA pool.)
A) (Book value - selling price) (1 - Tc)
B) (Book value - selling price) (Tc)
C) (Selling price) (Tc)
D) (Selling price - book value) (1 - Tc)
E) (Selling price - book value) (Tc)
Correct Answer:
Verified
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