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QUESTION

Alpha car rental purchased 5 cars for a total of $100,000 three years ago. now it is replacing the cars with newer vehicles. the book value company has depreciated 92.59% of the old cars, and sold the

Alpha car rental purchased 5 cars for a total of $100,000 three years ago. now it is replacing the cars with newer vehicles. the book value company has depreciated 92.59% of the old cars, and sold these cars for a total of $ 25,000. assume a tax rate of 40%. what is the cash inflow from the sale of these vehicles?

a. $17,964

b. $25,000

c. $16,500

d. $15,000

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