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Select the correct answer Scotia Ltd is selling off some old equipment it no longer needs because its associated project has come to an end.

Select the correct answer Scotia Ltd is selling off some old equipment it no longer needs because its associated project has come to an end. The equipment originally cost $22,500, of which 75% has been depreciated. The firm can sell the used equipment today for $6,000, and its tax rate is 40%. What is the tax expense or saving on the sale of the equipment? A) -6,600 b)375 c)-150 d)16500

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