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…
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?
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