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An asset is acquired for a 5-year project. The book value of the asset will be worth $760,000 at the end of 5 years. The

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An asset is acquired for a 5-year project. The book value of the asset will be worth $760,000 at the end of 5 years. The asset has an acquisition cost of $17,460,000 and will be sold for $880,000 at the end of the project. How much tax payment has incurred in dealing with the retired asset? The tax rate is 30%. O A. $9,000 O B. $844,000 O C. $0 O D. $36,000

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