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A mixer was purchased two years ago for $ 4 1 6 1 3 and can be sold for $ 5 6 7 9 0

A mixer was purchased two years ago for $

41613

and can be sold for $

56790

today. The mixer has been depreciated using the MACRS

5 -

year recovery period and the firm pays

40

percent taxes on both ordinary income and capital gain. Find the tax liability.

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