Project cash flow statement will show small gains tax credit

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At the end of a projects life, an asset will be disposed. The projects cash flow statement will show a small gains tax credit (positive cash flow). Which of these statements must be true?

A) the asset will be sold for less than its book value

B) the asset will be sold for more than its book value but less than its orginal cost

C) the asset will be sold for more than its original cost.

D) there is not enough information to answer this question

Reference no: EM13819079

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