Business, 20.12.2019 22:31 sierracupcake0220

Xyz corporation is contemplating the replacement of an existing asset used in the operation of its business.

the original cost of this asset was $28,000; since date of acquisition, the company has taken a total of $20,000 of depreciation expense on this asset.

the current disposal (market) value of this asset is estimated as $18,000. xyz is subject to a combined income tax rate, t, of 34%.

what is the projected after-tax cash flow associated with the sale of the existing asset, rounded to nearest hundred dollars?

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