A company is planning to sell old equipment that was purchased 20 years ago for $2,500,000. The market value of the equipment is $100,000. The equipment has depreciated to a book value of $500,000. What is the tax implication of the sale of this equipment? The company's marginal tax rate is 34%. tax savings of $136,000 tax liability of $136,000 tax liability of $34,000 tax savings of $34,000