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Please Show All Work! Equipment that was purchased for $200,000 has a current book value of $100,000. Assume a capital gains tax rate of 28%.
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Equipment that was purchased for $200,000 has a current book value of $100,000. Assume a capital gains tax rate of 28%. Compute the net tax payment or savings if you sell the equipment for $130, 433. $-19, 479, a savings on taxes $-8, 521, a savings on taxes $30, 433, an increase in taxes $8, 521, an increase in taxes
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