Question 26 1 pts A corporation is selling an existing asset for Php210,000. The asset, when purchased, cost Php100,000, has a 5-year useful life was being depreciated using straight-line method with no salvage value. and has been depreciated for four full years. If the assumed tax rate is 40 percent on ordinary income and capital gains, the tax effect of this transaction is O Php44,000 tax liability. Php84,000 tax liability. Php76,000 tax liability. O Php0 tax liability. Question 27 1 pts