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An equipment is being sold now for $48,000. It was bought 6 years ago for $80,000 and has a current book value of $8,000 for

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An equipment is being sold now for $48,000. It was bought 6 years ago for $80,000 and has a current book value of $8,000 for tax purposes. How much capital gain tax will the seller pay, if the tax rate is 16%? 3' A. $7,660 ';. B. $11,520 C. $3,840 ';. D. $5,120 E. $6,400 I"

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