A company can sell its existing building for $500,000 in order to purchase a larger facility for $750,000. The existing building was purchased five years ago for $450,000 and has a current book value of $350,000. The pretax net cash outflow from the purchase of the new building is
*Source: Retired ICMA CMA Exam Questions.
$100,000.
$250,000.
$300,000.
$400,000.
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Answer:
400,000 is the answer
Explanation:
As because the company can sell in500,000 so 750,000 subtract and it is 250,000 . This is the answer my dear
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