carmen 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:

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06-12-2022
Business

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carmen 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:

Sagot :

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Yogeshkumari Yogeshkumari · Answer 1 · 2022-12-13T02:16:19-05:00

Supposing the Carmen company 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 $500.

Taxation refers to national policies and personal behavior aimed at ensuring that taxpayers pay the right amount of tax at the right time and trying to secure the correct tax allowances and tax reliefs.

A tax is a mandatory costs and service or some other type of levy imposed on a ratepayer by a governmental organisation in order to fund government expenditure and various public expenditures. The majority of nations have a tax system in place to cover social, public, or collectively agreed upon national demands as well as governmental activities.

Hence the correct option is B.

The above question is incomplete, the complete question is-

Carmen 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.

60. The loss on disposal would be:

A. $350.

B. $500.

C. $650.

D. $2,500.

E. none, because the transaction produced a gain.

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