Details of this Paper

Purchased 5 cars for a total of $100000 three years ago. Now

Description

solution


Question

Purchased 5 cars for a total of $100000 three years ago. Now replacing them with newer cars. Company has depreciated 92.59% of old cars ad sold cars for a total of $25000. Tax rate is 40%. What is the cash inflow from the sale of these vehicles?

 

Paper#26525 | Written in 18-Jul-2015

Price : $27
SiteLock