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:
Verified
Q11: Georgia Food is exploring the possibility of
Q12: A certain investment will require an immediate
Q13: A firm is evaluating two machines.Both machines
Q14: A project will generate a real cash
Q15: The cash flows associated with an investment
Q17: Paul earns $60,000 as an engineer,and he
Q18: Capital budgeting must be placed on an
Q19: Johnson Chemicals is considering an investment project.The
Q20: A machine costs $3 million and has
Q21: The system in the U.S.which defines the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents