A plant asset with a book value of $40,000 is sold for $10,000.The applicable tax rate is 20%.The net after-tax cash effect of the sale is a ________.

Name: A plant asset with a book value of $40,000 is sold for $10,000.The applicable tax rate is 20%.The net after-tax cash effect of the sale is a ________.
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The Answer of A plant asset with a book value of $40,000 is sold for $10,000.The applicable tax rate is 20%.The net after-tax cash effect of the sale is a ________.

A Plant Asset with a Book Value of $40,000 Is