Simpson Corporation After-tax cash flow from sale of asset
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Simpson Corporation has taxable income of $300,000 and an income tax rate of 34%. Simpson is considering selling an asset whose original cost is $20,000, with $12,000 of it depreciated. How much total after-tax cash will be generated from the sale of the asset for $18,000?
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This solution helps with various accounting questions.
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- BA, Ain Shams University, Cairo Egypt
- MBA, California State University, Sacramento
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