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Perkins Manufacturing is considering the sale of two nondepreciable assets. X and Y Asset X was purchased for $2,000 and will be sold today for

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Perkins Manufacturing is considering the sale of two nondepreciable assets. X and Y Asset X was purchased for $2,000 and will be sold today for $2.250. Asset y was purchased for $30,000 and will be sold today for $35.000. The firm is subject to a 10% lax rate on capital gains. Calculate the amount of capital gain, if any, realized on Y of the assets. Perkins Manufacturing is considering the sale of two nondepreciable assets, X and Y Asset X was purchased for $2,000 and will be sold today for $2.250. Asset Y was purchased for $30,000 and will be sold today for $35,000. The firm is subject to a 10% lax rate on capital gains. Calculate the amount of capital gain, if any, realized on Y of the assets

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