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all parts please.. i will upvote (Capital gains tax) The J. Harris Corporation is considering selling one of its old assembly machines. The machine, purchased
all parts please.. i will upvote
(Capital gains tax) The J. Harris Corporation is considering selling one of its old assembly machines. The machine, purchased for $60,000 5 years ago, had an expected life of 15 years and an expected salvage value of zero Assume Harris uses simplified straight-line depreciation (depreciation of $4.000 per year) and could sell this old machine for $60,000. Also assume Harris has a 34 percent marginal tax rate. a. What would be the taxes associated with this sale? b. If the old machine were sold for $50,000, what would be the taxes associated with this sale? c. If the old machine were sold for $40,000, what would be the taxes associated with this sale? d. If the old machine were sold for $37,000, what would be the taxes associated with this sale? (Round to the nearest a. If the old machine were sold for $60,000, there would be $ dollar and select from the drop-down menu.) (Round to the nearest b. If the old machine were sold for $50,000, there would be $ dollar and select from the drop-down menu.) 21 (Round to the c. If the old machine were sold for $40,000 there would be nearest dollar and select from the drop-down menu.) am (Round to the nearest Fi d. If the old machine were sold for $37000, there would be $ dollar and select from the drop-down menu) Step by Step Solution
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