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For 2020, Ross Corporation had pretax ordinary income of $510,000 and sold for $145,000 an asset purchased previously for $127,000. Calculate the tax liability

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For 2020, Ross Corporation had pretax ordinary income of $510,000 and sold for $145,000 an asset purchased previously for $127,000. Calculate the tax liability for the company. The tax liability this year is $ (Round to the nearest dollar.)

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