Note: - You are attempting question 3 out of 12 A machinery was brought in the years 2017 for $100,000. The life of the machinery is 10 years. The method of depreciation used was straight line to...

Extracted text: Note: - You are attempting question 3 out of 12 A machinery was brought in the years 2017 for $100,000. The life of the machinery is 10 years. The method of depreciation used was straight line to zero. Due to obsolescence, company wants to dispose the asset in the year 2020 and fetch the disposable value of $50,000. If the rate of tax is 30%, the net cash flow from salvage would be A. $56,000 B. $26,000 C. $14,000 D. $20000 Answer O B D Submit