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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

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M944203

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