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D | Question 12 5 pts Liberty Services is now at the end of the final year of a project. The equipment originally cost $125,5
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Answer #1
Cost of equipment 125500
Less: Accumulated dep @ 75% 94125
Book value of equipment 31375
Sale value of equipmment 52000
Gain on sale of equipment 20625
Tax on Gain @ 30% 6187.5
After tax salvage value = 52000-6187.50 = 45812.50
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