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Jennifer owns business-use equipment with an initial purchase price of $50,000. The asset's accumulated depreciation is $29,000. If Jennifer sells the equipment for $24,500 and

Jennifer owns business-use equipment with an initial purchase price of $50,000. The asset's accumulated depreciation is $29,000. If Jennifer sells the equipment for $24,500 and her marginal tax rate is 22%.

Computer Jennifer's tax gain or loss on the sale and the character of the gain or loss.

Computer Jennifer's after-tax cash flow from the sale.

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