A machine was sold in December 20x3 for $9,000. It was purchased in January 20x1...
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Accounting
A machine was sold in December 20x3 for $9,000. It was purchased in January 20x1 for $15,000, and depreciation of $12,000 was recorded from the date of purchase through the date of disposal. Assuming a 40% income tax rate, the after-tax cash inflow at the time of sale is:
Multiple Choice:
$7,800.
$11,400.
$8,400.
$3,600.
$9,000.
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