Acme is considering the sale of a machine with a book value of P160,000 and 3 years remaining in its useful life. Straight-line depreciation of P50,000 annually is available. The machine has a current market value of P200,000. What is thecash flow from selling the machineif the tax rate is 30%?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here