The Silver Shades Corporation disposes a capital asset with an original cost of $230,000 and accumulated depreciation of $125,000 for a salvage price of $36,000. Silver Shades's tax rate is 30%. Calculate the after-tax cash inflow from the disposal of the capital asset.
A) $2,070
B) $38,070
C) $36,000
D) $56,700
Correct Answer:
Verified
Q86: The accrual accounting rate of return method
Q87: The approach to capital budgeting which divides
Q88: The Alpha Beta Corporation disposes a capital
Q88: The accrual accounting rate-of-return method is similar
Q89: Central Trailer Supply has received three proposals
Q92: For capital budgeting decisions, the use of
Q97: Book & Bible Bookstore desires to buy
Q98: Sam's Structures desires to buy a new
Q102: The accrual accounting rate-of-return method has a
Q115: What are the four alternative methods for
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