Capital gains taxes As part of its operations, Ferguson’s Plumbing has bought and sold several nondepreciable capital assets. The purchase and sale prices for these assets are contained in the following table. Assuming that Fergurson’s pays a 40%

capital gains tax, complete the table by filling in the last two columns.

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Asset Sale price Purchase price Capital gain Tax AB $ 3,400 $ 3,000 12,000 12,000 C 80,000 62,000 D 45,000 41,000 E 18,000 16,500