An old machine was purchased for $20,000, at a book value of $5,000, and sold for $9,000.
An
old machine was purchased for $20,000, at a book value of $5,000, and
sold for $9,000. The firm’s marginal tax rate is 25%. What is the amount
of taxes due?
a. $9000
b. $5000
c. $2250
d. $1000
No comments:
Post a Comment
Note: only a member of this blog may post a comment.