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Capital gains taxes As part of its operations, Ferguson's Plumbing has bought and sold several nondepreciable capital assets. The purchase and sale prices for these

Capital gains taxesAs part of its operations, Ferguson's Plumbing has bought and sold several nondepreciable capital assets. The purchase and sale prices for these assets are contained in the following table. Assuming Ferguson's pays a 40% capital gains tax, complete the table by filling in the last two columns.

Asset

Sale price

Purchase price

Capital gain

Tax

A

$ 2 comma 775$2,775

$ 2 comma 220$2,220

?

?

B

11 comma 36011,360

11 comma 36011,360

?

?

C

78 comma 33878,338

62 comma 67062,670

?

?

D

44 comma 04844,048

41 comma 95041,950

?

?

E

17 comma 76617,766

16 comma 92016,920

?

?

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

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