A company bought a piece of equipment for 301000 the, Ask an Expert

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"A company bought a piece of equipment for $301,000. The company is using the 7 year MACRS property class to depreciate the asset for tax purposes. At the end of year 5, the company sold the equipment for $147,000. The tax rate is 35%. What is the tax that the company pays from the sale of the equipment?"

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92802081

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