Alpha Car Rental purchased 5 cars for a total of $100,000 three years ago. Now...
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Alpha Car Rental purchased 5 cars for a total of $100,000 three years ago. Now it is replacing the cars with newer vehicles. The company has depreciated 92.59% of the old cars, and sold these cars for a total of $ 25,000. Assume a tax rate of 40%. What is the cash inflow from the sale of these vehicles? a. $25,000 b. $15,000 c. $19,164 d. $16,500
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