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Net Sale Proceeds: $1,500,000, Prior Purchase Price: $830,000, Depreciation Recapture: $150,000, Additional Capital Expenditures: $76,000, Capital Gain Tax: 15%, and Depreciation Recapture Tax: 25%. Gross
- Net Sale Proceeds: $1,500,000,
- Prior Purchase Price: $830,000,
- Depreciation Recapture: $150,000,
- Additional Capital Expenditures: $76,000,
- Capital Gain Tax: 15%, and
- Depreciation Recapture Tax: 25%.
Gross book value?
Book Value?
Capital Gain?
Tax Liability for Capital Gain?
Tax liability claimed depreciation?
Total Tax Due?
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley
17th Edition
013517614X, 978-0135176146
