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Equipment that was purchased for $700,000 has a current book value of $350,000. Assume a capital gains tax rate of 28%. Compute the net tax
Equipment that was purchased for $700,000 has a current book value of $350,000. Assume a capital gains tax rate of 28%. Compute the net tax payment or savings if you sell the equipment for $339,067. $-3,061, a savings on taxes $3,061, an increase in taxes $-10,933, a savings on taxes O $-101,061, a savings on taxes
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