There is a little bit of tolerance built into accepting/rejecting your answer, but if you round in
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There is a little bit of tolerance built into accepting/rejecting your answer, but if you round in your intermediate calculations you may be too far off.
Green Future Inc. is a manufacturer of electric vehicles. The company decided to implement a major technology upgrade of its existing facilities, and as a result, replaced one of its robotic arms with a newer model. The old model was purchased 5 years ago for $1,000,000 and was just sold for $529,000. Assuming the book value of the robotic arm was $281,000 when sold, and that Green Future is facing a 39% effective tax rate, calculate the after-tax cash flow Green Future received from selling the arm.
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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