Alpha Car Rental purchased 5 cars for a total of $100,000 three years ago.Now it is replacing the cars with newer vehicles.The company has depreciated 92.59% of the old cars,and sold these cars for a total of $ 25,000.Assume a tax rate of 40%.What is the cash inflow from the sale of these vehicles?
A) $25,000
B) $15,000
C) $17,964
D) $16,500
Correct Answer:
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