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Author Question: Calculate the tax effect from the sale of the existing asset. (See Table 11.1 ) What will be an ... (Read 93 times)

abc

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on: Jul 11, 2018
Calculate the tax effect from the sale of the existing asset. (See Table 11.1 )
 
  What will be an ideal response?

Question 2

The over-the-counter (OTC) market is a market for trading smaller and unlisted securities.
 
  Indicate whether the statement is true or false


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missalyssa26

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Tax:
Recaptured depreciation = 20,000 - 16,800 = 3,200
Tax liability = 3,200  0.40 = 1,280

Answer to Question 2

TRUE


abc

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Reply 2 on: Jul 11, 2018
Great answer, keep it coming :)

alvinum

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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