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M company is thinking to sell an asset since is will be replaced by a higher capacity one. The estimated sale price of the asset

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M company is thinking to sell an asset since is will be replaced by a higher capacity one. The estimated sale price of the asset is $300,000 while the asset has depreciated to the alvage value IA of 3500.000 . If the congany has the marginal tax rate of 35%, what is the tax implication of the sale of this asset? Round to the nearest penny. If tax liabilities, type a negative sign in front. Do hat incluble a dollar sign in your answet, (Le. If your answer is tax liabilites of 58,765,43, type - 8765.43; if tax shield of 58,765.43, thpe 876.5.45). Hewse enter a vatid real numher

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