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Business, 30.11.2020 18:00 lollyp5439

A firm has a machine it can sell for $50,000. The book value of the machine is $20,000 at the moment. If the firm sells the machine today, what is the tax implication from the sale? Assume that the tax rate is 40%. Round to the nearest penny. If tax liabilities, type a negative sign in front. Do not include a dollar sign in your answer.

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A firm has a machine it can sell for $50,000. The book value of the machine is $20,000 at the moment...

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