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Dukes Dogs, Inc., bought hot dog cooking equipment costing $100,000 fouryears ago. Dukes sold this equipment this year for $10,000, when it had a book

Dukes Dogs, Inc., bought hot dog cooking equipment costing $100,000 fouryears ago. Dukes sold this equipment this year for $10,000, when it had a book valuefor tax purposes of $4,000. If Dukes marginal tax rate is 40 percent, the tax Dukes will have to pay on the sale is closest to:

A.$1,554

B.$2,400

C.$4,000

D.$6,000

E.$7,600

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