Question: 12-3 Given an asset with a net book value (NBV) of $29,000. a. What are the after-tax proceeds for a firm in the 33% tax

12-3

Given an asset with a net book value (NBV) of $29,000.

a. What are the after-tax proceeds for a firm in the 33% tax bracket if this asset is sold for $38,000 cash?

b. What are the after-tax proceeds for a firm in the 33% tax bracket if this asset is sold for $17,000 cash?

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