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Kasper Film Co. is selling off some old equipment it no longer needs because its associated project has come to an end. The equipment originally

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Kasper Film Co. is selling off some old equipment it no longer needs because its associated project has come to an end. The equipment originally cost $22,500, of which 75% has been depreciated. The firm can sell the used equipment today for $6,000, and its tax rate is 40%. What is the tax expense (-) or saving (+) on the sale of the equipment? -$150 $16,500 -$6,600 $375

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