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Managerial Accounting: 58. At the end of a five-year life, a company will dispose of...

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Accounting

Managerial Accounting:

58. At the end of a five-year life, a company will dispose of an asset and recognize a gain of $6,000. If the company's cost of capital is 15 percent and its tax rate is 30 percent, what is the present value of the future cash flow? a. $14,078. b. $6,000. c. $2,087. d. $895

. ANS: C $2,087

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