Question: Brief Exercise 1 2 - 2 1 ( Static ) Given an asset with a net book value... [ LO 1 2 - 3 ]

Brief Exercise 12-21(Static) Given an asset with a net book value... [LO 12-3]
Given an asset with a net book value (NBV) of $25,000.
What are the after-tax proceeds for a firm in the 34% tax bracket if this asset is sold for $35,000 cash?
What are the after-tax proceeds for a firm in the 34% tax bracket if this asset is sold for $15,000 cash?

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