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a company bought equipment costing $100,000 four years ago, which it depreciates based on macrs. the equipment is classified as a 5 year macrs asset.

a company bought equipment costing $100,000 four years ago, which it depreciates based on macrs. the equipment is classified as a 5 year macrs asset. if the equipment was just sold for $20,000 and the tax rate is 40%, the amount of tax that the company must pay on the sale is closest to

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