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Question 2 (5 points) An asset costs $600,000 and will be depreciated straight-line over its 10-year tax life. The asset is to be used in

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Question 2 (5 points) An asset costs $600,000 and will be depreciated straight-line over its 10-year tax life. The asset is to be used in an 8-year project at the end of the project, the asset can be sold for $150,000. If the tax rate is 30%, what is the tax amount from the sale of this asset after 8 years? $118,500 No enough information $6,300 $9,000 $39,500

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