ANSWER ALL 4 PARTS IF POSSIBLE

(Capital gains tax) The J. Harris Corporation is considering selling one of its old assembly machines the machine, purchased for $24,0007 years ago, had an expected life of 12 years and an expected salvage value of zero. Assume Harris uses simplified straight-ine depreciation (depreciation of $2,000 per year) and could sell this old machine for $30,000. Also assume Harris has a 35 percent marginal tax rate. a. What would be the taxes associated with this sale? b. If the old machine were sold for $20,000, what would be the taxes associated with this sale? c. If the old machine were sold for $10,000, what would be the taxes associated with this sale? d. If the old machine were sold for $7,000, what would be the taxes associated with this sale? a. If the old machine were sold for $30,000, there would be \$ (Round to the nearest dollar and select from the drop-down menu.)