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The Sale of an Asset Creates an Aftertax Cash Flow

Question 31

Multiple Choice

The sale of an asset creates an aftertax cash flow in an amount equal to the:


A) Sales price - Book value.
B) Sales price.
C) Sale price - Tax rate × (Sales price - Book value) .
D) Sales price + Tax rate × (Sales price - Book value) .
E) Sales price/(1 - Tax rate) .

Correct Answer:

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