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Calculate taxable income and tax liability. My answer is wrong. Shimmer Incorporated is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term assets:

Calculate taxable income and tax liability. My answer is wrong.

image text in transcribed Shimmer Incorporated is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term assets: Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $879,000. What are Shimmer's taxable income and tax liability for the year

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