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Financial Management: Theory & Practice
16th Edition
ISBN: 9781337909730
Author: Brigham
Publisher: Cengage
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I need answer of this question general accounting
![A firm has an asset with a market value of $10,000
and a book value of $4,000. If its marginal tax rate
is 25%, what will the net proceeds from selling the
asset be?](https://content.bartleby.com/qna-images/question/27c695a5-79cd-400e-b748-5216759298c2/37688269-58b6-49c7-90d4-6794dd8bfa0d/x4vehtk_thumbnail.jpeg)
Transcribed Image Text:A firm has an asset with a market value of $10,000
and a book value of $4,000. If its marginal tax rate
is 25%, what will the net proceeds from selling the
asset be?
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