A machine was sold in December 20x3 for $9,000. It was purchased in January 20x1 for $15,000, and depreciation of $12,000 was recorded from the date of purchase through the date of disposal. Assuming a 40% income tax rate, the after-tax cash inflow at the time of sale is:
A. $3,600.
B. $8,400.
C. $9,000.
D. $6,600.
E. $11,400.
Answer: D
Business
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