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( Capital gains tax ) The J . Harris Corporation is considering selling one of its old assembly machines. The machine, purchased for $ 3
Capital gains tax The J Harris Corporation is considering selling one of its old assembly machines. The machine, purchased for $ years ago, had an expected life of years and an expected salvage value of zero. Assume Harris uses simplified straightline depreciation depreciation of $ per year and could sell this old machine for $ Also assume Harris has a percent marginal tax rate.
a What would be the taxes associated with this sale?
b If the old machine were sold for $ what would be the taxes associated with this sale?
c If the old machine were sold for $ what would be the taxes associated with this sale?
d If the old machine were sold for $ what would be the taxes associated with this sale?
a If the old machine were sold for $ there would be $Round to the nearest dollar and select from the dropdown menu.
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