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A firm has a machine it can sell for $50,000. The book value of the machine is $20,000 at the moment. If the firm sells
A firm has a machine it can sell for $50,000. The book value of the machine is $20,000 at the moment. If the firm sells the machine today, what is the tax implication from the sale of the machine? Assume that the tax rate is 40% Round to the nearest penny. If tax lia ties type a negative s min rou. Do not includi tolars m n our answer. i.e. If your answer is tax liabilites of $8,765,43, type -8765.43; if tax shield of S8,765.43, type 8765.43)
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