James Company Has an Asset That Cost $5,000 and Currently

question 38

Multiple Choice

James Company has an asset that cost $5,000 and currently has accumulated depreciation of $2,000. Suppose the firm sold the asset for $2,500 and is subject to a 30% income tax rate. The net after-tax cash flow of the disposal is:

• A)$2,100.
• B)$2,350.
• C)$2,500.
• D)$2,650.
• E)$3,200.

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Definitions:

Fear

An unpleasant emotional state triggered by the perception of threat, leading to avoidance or defensive behavior.

Formal Safety Program

A structured set of guidelines and procedures designed to minimize accidents and injuries in the workplace.

Crisis Management Teams

Groups of individuals within an organization specifically dedicated to managing and mitigating crises that could affect the organization's operations or reputation.

Hourly

A payment structure based on time worked, where employees are compensated for each hour of labor they provide.