=+P118 Book value and taxes on sale of assets Research Clinic purchased a blood-testing machine 4 years

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=+P11–8 Book value and taxes on sale of assets Research Clinic purchased a blood-testing machine 4 years ago for $96,000. It is being depreciated under MACRS with a 7-year recovery period, using the percentages given in Table 4.2. Assume a 30% tax rate.

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