Corporate tax rate question

Reference no: EM1359495

A machine that originally cost $25,000 and was depreciated on a straight line basis has one year of its expected 5-year life remaining. Its current value is $12,000. The corporate tax rate is 34%. What is the cash flow from disposing of the old machine?

a. $12,000

b. $9,620

c. ($ 9,620)

d. $14,380

Reference no: EM1359495

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