National Geographic is replacing an old printing press with a new one. The old press is...
National Geographic is replacing an old printing press with a new one. The old press is being sold for $350,000 and it has a net book value of $75,000. Assume that National Geographic is in the 40% income tax bracket. How much will National Geographic net from the sale?
| 1. |
$240,000 |
|
| 2. |
$116,050 |
|
| 3. |
$315,000 |
|
| 4. |
$112,112 |
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