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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 $30,0007 years ago, had an expected life of 10 years and an expected salvage value of zero. Assume Harris uses simplified straight-line depreciation (depreciation of $3,000 per year) and could sell this old machine for $29,000. Also assume Harris has a 32 percent marginal tax rate.
a. What would be the taxes associated with this sale?
b. If the old machine were sold for $19,000, what would be the taxes associated with this sale?
c. If the old machine were sold for $9,000, what would be the taxes associated with this sale?
d. If the old machine were sold for $6,000, what would be the taxes associated with this sale?
a. If the old machine were sold for $29,000, there would be $(Round to the nearest dollar and select from the drop-down menu.)
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