a) A firm has an asset with a market value of $20,000 and a book value...

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a) A firm has an asset with a market value of $20,000 and a book value...

a) A firm has an asset with a market value of $20,000 and a book value of $30,000. If its marginal tax rate is 25%, what will the net proceeds from selling the asset be?

b) A firm has an asset with a market value of $10,000 and a book value of $4,000. If its marginal tax rate is 25%, what will the net proceeds from selling the asset be?

business accounting

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Answer 1

Answer #1

Computation of net proceeds from selling the Assel Amount y 5000 Sale pariee of Assets (market value) = $ 20,000 Less: Tan (2

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Answer 2

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a) A firm has an asset with a market value of $20,000 and a book value...

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