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office furniture purchased for $75,000 on feb 28, 2018 is being sold for $30,000 december 2, 2020. the company is at a 40% tax bracket.
office furniture purchased for $75,000 on feb 28, 2018 is being sold for $30,000 december 2, 2020. the company is at a 40% tax bracket. compute the gain from the sale of the furniture and the tax on the gain.
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