Question: Dunn Construction, Inc., has a large crane that cost $ 3 5 , 0 0 0 when purchased ten years ago. Depreciation taken to date

Dunn Construction, Inc., has a large crane that cost $35,000 when purchased ten years ago. Depreciation taken to date totals $25,000. The crane can be sold now for $8,000. Assuming a tax rate of 40%, if the crane is sold the total after-tax cash inflow for capital budgeting purposes will be:
A) $7,400
B) $10,000
C) $8,800
D) $8,000

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