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Management Studies

If an investment property is sold for 1,000,000 with selling costs of 5% of the sales proce. The mortgage balance at the time of sale is $500,000. The property was purchased 5 years ago for $682,000. Accumulated depreciation allowances of $20,460 have been taken over the past 5 years. If the capital gains tax rate is 15% what is the after-tax cash flow from the sale of this property?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91881101

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