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After depreciating a machine for a few years, Blue Co sells the machine to another business for $100,000. If the adjustable value of the machine
After depreciating a machine for a few years, Blue Co sells the machine to another business for $100,000. If the adjustable value of the machine at the time of sale was $105,000, which of the following correctly describes the tax consequences? Blue Co will be required to include an amount in its assessable income (balancing adjustment). Blue Co will be entitled to CGT roll-over relief. Blue Co will be entitled to a deduction (balancing
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