Carmen Company has an asset that cost $12,000 and currently has accumulated depreciation of $8,000....
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Accounting
Carmen Company has an asset that cost $12,000 and currently has accumulated depreciation of $8,000. Suppose the firm sold the asset for $3,800 and is subject to a 30% income tax rate. The net after-tax cash flow of the disposal is: Multiple Choice $3,800 $6,000. $8,140. None of the answers is correct. $3,860
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