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8 An asset costs $600,000 and will be depreciated straight-line over its 10-year tax life. The asset is to be used in an 8-year project;

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8 An asset costs $600,000 and will be depreciated straight-line over its 10-year tax life. The asset is to be used in an 8-year project; at the end of the project, the asset can be sold for $150,000. If the tax rate is 30%, what is the tax amount from the sale of this asset after 8 years

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