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Capital Gains Taxes As part of its operations , Ferguson's Plumbing has bought and sold various non-depreciable capital assets. The purchase and sale prices of

Capital Gains Taxes As part of its operations , Ferguson's Plumbing has bought and sold various non-depreciable capital assets. The purchase and sale prices of these assets are contained in the following table. Assuming that Ferguson pays a 40% capital gains tax , complete the table by completing the last two columns.


Asset

Sale price

Purchase price

capital gain

Tax

A

$ 4, 224

$ 3, 520

¿?

¿?

B

11 380

11 380

¿?

¿?

C

86 394

61 , 710

¿?

¿?

D

43 , 061

41 , 010

¿?

¿?

mi

17 , 776

16 , 160

¿?

¿?


Determine the amount of realized capital gain  on each of the five assets.

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