Your company bought some property in colorado for 175000 of, Ask an Expert

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Your company bought some property in Colorado for $175,000. Of the $175,000, $100,000 is depreciable buildings which will be depreciated over 10 years using SL with no salvage, the remaining $75,000 is for the land on which the building is located. Tax rates are 15% on capital gains and 36% on ordinary income. You plan to sell this property in four years. Estimated sale price then will be $310,000. How much will you get to keep after taxes when the property is sold in four years?

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Financial Management, Finance

Category:- Financial Management
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