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What is the net proceeds from the sale of an asset if it was purchased for $100,000 and sold for $30,000 four years later. Assume
What is the net proceeds from the sale of an asset if it was purchased for $100,000 and sold for $30,000 four years later. Assume the asset was depreciated via 5-year MACRS class, and the tax rate for the sale was 25%
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