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Business, 03.12.2021 21:30 larey

If a firm sells a capital asset for $45,000 that has a book value of $50,000 the firm: ANSWER has a tax loss of $5,000. has a tax gain of $5,000. must pay taxes on the $45,000 proceeds. I DON'T KNOW YET

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If a firm sells a capital asset for $45,000 that has a book value of $50,000 the firm: ANSWER has a...

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