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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
