The Golden Shades Corporation Disposes a Capital Asset with an Original

question 4

Multiple Choice

The Golden Shades Corporation disposes a capital asset with an original cost of $280,000 and accumulated depreciation of $160,000 for a salvage price of $50,000.Silver Shades's tax rate is 40%.Calculate the after-tax cash inflow from the disposal of the capital asset.

• A) $28,000
• B) $70,000
• C) $50,000
• D) $78,000

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