If the selling price of an asset at disposal is less than its book val
If the selling price of an asset at disposal is less than its book value, then the after-tax cash flow is the selling price minus the tax on the gain.
Indicate whether the statement is true or false.
ANSWER
Answer: FALSE
Explanation: If the selling price of an asset at disposal is GREATER than its book value, then the after-tax cash flow is the selling price minus the tax on the gain.
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