What will be the effect on cash flows of this sale ie what
Suppose you sell a fixed asset for $110,000 when its book value is $130,000. If your company’s marginal tax rate is 35 percent, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)?
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topic - auditingquestion 1 - you are a partner in messrs rolando amp co certified accountants you are approached by mr
suppose you sell a fixed asset for 110000 when its book value is 130000 if your companyrsquos marginal tax rate is 35
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