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A corporation is selling an existing asset for $ 7 4 5 5 8 . The asset, when purchased, cost $ 5 4 8 1

A corporation is selling an existing asset for $74558. The asset, when purchased, cost $54816, was being depreciated under MACRS using a five-year recovery period, and has been depreciated for four full years. If the assumed tax rate is 38 percent on ordinary income and capital gains, the tax effect of this transaction is:
Note: use one decimal place. Insert number only.
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