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using a financail calculator or equations 15. Given a property with a gross selling price of $1,200,000, a net selling price of 1, accumulated depreciation

image text in transcribedusing a financail calculator or equations
15. Given a property with a gross selling price of $1,200,000, a net selling price of 1, accumulated depreciation of $225,000, a loan payoff of $375,000, a purchase price of $350,000, depreciated value of $250,000, a capital gain tax rate of 20%, and a tax rate on capital gains due to depreciation of 25%, what are the taxes due on the sale

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