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Due to market trends, a Company is selling its manufacturing equipment with the following values: Considering that the company pays 30% corporate tax, what is
Due to market trends, a Company is selling its manufacturing equipment with the following values: | ||||||||
Considering that the company pays 30% corporate tax, what is the amount of tax to be paid or recovered from the sale of each equipment ? | ||||||||
Type of machine | Purchase price | Book value | Selling price | |||||
Equipment A | 150,000 | 135,000 | 165,000 | |||||
Equipment B | 210,000 | 180,000 | 200,000 | |||||
Equipment C | 100,000 | 100,000 | 75,000 |
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