Burke Limited sold Machinery with a cost of $96,300 and accumulated depreciation of $54,200 for $32,500 cash. If Burke’s income tax rate is 30%, the after-tax cash inflow from the sale of the machiner

Burke Limited sold Machinery with a cost of $96,300 and accumulated depreciation of $54,200 for $32,500 cash. If Burke’s income tax rate is 30%, the after-tax cash inflow from the sale of the machinery was:

A) $39,220

B) $25,280

C) $24,800

D) $24,320

Leave a Comment