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Required information [The following information applies to the questions displayed below] Hart, an individual, bought an asset for $500,000 and has ciaimed $100,000 of depreciation

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Required information [The following information applies to the questions displayed below] Hart, an individual, bought an asset for $500,000 and has ciaimed $100,000 of depreciation deductions against the asset. Hart has a marginal tax rate of 32 percent. Answer the questions presented in the following alternative scenarios (assume Hart had no property transactions other than those described in the problem): Note: Loss omounts should be indicated by a minus sign. Enter NA if o situation is not applicable. Leave no answers blank. Enter zero if opplicable. 2. What effect does the sale have on Hart's tax liability for the year (assume a 21 percent tax rate) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What effect does the sale have on Hart's tax liability for the year (assume a 21 percent tax rate)

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