An asset purchased by an IT company on 1 january 20X1 for $280000 and has been depreciated on a straight-line basis by 2

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answerhappygod
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An asset purchased by an IT company on 1 january 20X1 for $280000 and has been depreciated on a straight-line basis by 2

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An asset purchased by an IT company on 1 january 20X1for $280000 and has been depreciated on a straight-line basis by28000 per annum. The asset is expected to be sold on 31 december20X6 for 60% of its book value at that date.
What is the net cash inflow that will appear in the cashbudget for december?
a. $28000
b. $112000
c. $168000
d. $67200
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