After tax cash flow derived from the sale of the asset


Problem:

An asset with an original cost of 100000 and a current book value 20000 is sold for 50000 as part of a capital budgeting project. The company has a tax rate of 30%.

Requirement:

Question: What is the after tax cash flow derived from the sale of the asset?

Note: Please provide through step by step calculations.

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Accounting Basics: After tax cash flow derived from the sale of the asset
Reference No:- TGS0885282

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