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You are evaluating the shutdown phase of a project and are reviewing the salvage value of...

You are evaluating the shutdown phase of a project and are reviewing the salvage value of a machine that you bought for your project. You paid $20,000 for the machine originally, and have depreciated $12,000 dollars so far. You will be able to sell the machine for $18,000. The tax rate for your company is 30%. What is the taxable gain (loss?) of the machine?

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Answer #1

What is the taxable gain of the machine

=18000-(20000-12000)

=10000

the above is answer..

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