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MINTS Bhd . Is considering to replace its old machine with a new one bought 3 years ago at a cost of RM 8 0

MINTS Bhd. Is considering to replace its old machine with a new one bought 3 years ago at a cost of RM80,000. The machine has a remaining life of 2 years and is depreciated using the sum-of-years digit method.. The old machine can be sold for RM85,000 at the market today. If corporate tax rate is 25 percet and capital gain tax is 22 percent, calculate the total tax liability of the company assuming the compay has a taxable income of RM350,000 this year.

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