What is the net cash inflow from the sale for situation a, Microeconomics

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What is the net cash inflow from the sale for situation a

Problem

A $125,000 tractor-trailer is being depreciated by the SL method over five years to a final BV of zero. Halfyear convention does not apply to this asset. After three years, the rig is sold for (a) $70,000 or (b) $20,000. If the effective income tax rate is 40%, what is the net cash inflow from the sale for situation (a) and situation (b)?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the net cash inflow from the sale for situation a

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Microeconomics: What is the net cash inflow from the sale for situation a

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