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8. If a firm sells a depreciable asset for $100,000 that originally cost $90.000 and has a book value of $50,000 at the time of
8. If a firm sells a depreciable asset for $100,000 that originally cost $90.000 and has a book value of $50,000 at the time of sale, how much tax must the firm pay on the sale? Assume a 34% tax rate. a. $6.800 c. $17,000 b. $13,600 d. $34,000
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