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Question 2 10 pts Equipment that was purchased for $450,000 has a current book value of $225,000. Assume a capital gains tax rate of 28%.
Question 2 10 pts Equipment that was purchased for $450,000 has a current book value of $225,000. Assume a capital gains tax rate of 28%. Compute the net tax payment or savings if you sell the equipment for $277,200. $14,616, an increase in taxes O $-14,616, a savings on taxes $52,200, an increase in taxes O $-48,384, a savings on taxes 10 pts Question 3
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