What is the cash inflow from the sale of the vehicles


Purchased 5 cars for a total of $100000 three years ago. Now replacing them with newer cars. Company has depreciated 92.59% of old cars ad sold cars for a total of $25000. Tax rate is 40%. What is the cash inflow from the sale of these vehicles?

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Accounting Basics: What is the cash inflow from the sale of the vehicles
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