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  3. a) a firm has an asset with a market value of $20,

a) A firm has an asset with a market value of $20,000 and a book...

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Accounting

a) A firm has an asset with a market value of $20,000 and a book value of $30,000. If its marginal tax rate is 25%, what will the net proceeds from selling the asset be?

b) A firm has an asset with a market value of $10,000 and a book value of $4,000. If its marginal tax rate is 25%, what will the net proceeds from selling the asset be?

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