Question: Please answer as soon as possible, will upvote. Thank you. Carmen Company has an asset that cost $11,000 and currently has accumulated depreciation of $7,000.

Please answer as soon as possible, will upvote. Thank you. Company has an asset that cost $11,000 and currently has accumulated depreciation

Carmen Company has an asset that cost $11,000 and currently has accumulated depreciation of $7,000. Suppose the firm sold the asset for $3,700 and is subject to a 40% income tax rate. The net after-tax cash flow of the disposal is: $7,180. $7,200. None of the answers is correct. $3,700. $3,820.

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