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Problem 4. Your company just sold some equipment for $40,000. The equipment was purchased 5 years ago for $100,000 and has been depreciated using a

image text in transcribed Problem 4. Your company just sold some equipment for $40,000. The equipment was purchased 5 years ago for $100,000 and has been depreciated using a 7 year MACRS schedule. If the tax rate is 35%, what is the after-tax gain from the sale of the equipment

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