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  3. a plant asset with a book value of $160,000 is sol

A plant asset with a book value of $160,000 is sold for $100,000. The applicable...

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Accounting

A plant asset with a book value of $160,000 is sold for $100,000. The applicable tax rate is 20%. What is the net

aftertax cash inflow resulting from the sale?

A. $112,000 cash inflow

B. $12,000 cash inflow

C. $88,000 cash inflow

D. $100,000 cash inflow

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