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3 years ago Super Corp bought a machines for $1,000. Super Corp expected to use it for 10 years, and has been depreciating it over

3 years ago Super Corp bought a machines for $1,000. Super Corp expected to use it for 10 years, and has been depreciating it over a 10-year life using the straight-line method and an expected salvage value of $0. It is now Time 3, and Super Corp is going to sell the machine. What is the tax consequence for each of the possible sales prices below? The ordinary income tax rate is 25%, and the capital gains tax rate is 20%.

a) What is the tax consequence if you sell it for $800?

b) What is the tax consequence if you sell it for $500?

c) What is the tax consequence if you sell it for $700?

d) What is the tax consequence if you sell it for $1,300?

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