Determine aftertax cash flow from the sale of asset, Accounting Basics

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Determine aftertax cash flow from the sale of asset

Problem:

Consider an asset that costs $193,600 and is depreciated straight-line to zero over its 12-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $24,200.

Required:

Question: If the relevant tax rate is 30 percent, what is the aftertax cash flow from the sale of this asset?

$16,940.00
$43,681.00
$379,952.00
$45,980.00
$48,279.00

Note: Provide support for your rationale.

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Accounting Basics: Determine aftertax cash flow from the sale of asset

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Accounting Basics: Determine aftertax cash flow from the sale of asset

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