International industries purchased milling machine

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International Industries purchased a milling machine for $350,000. Several years have passed and the milling machine now has a book value of $75,000. Due to an industry slowdown, International has decided to sell their milling machine at an expected price of $135,000. Their marginal tax rate is 35% and their capital gains tax rate is 15%.

Reference no: EM13933345

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International industries purchased milling machine : International Industries purchased a milling machine for $350,000. Several years have passed and the milling machine now has a book value of $75,000. Due to an industry slowdown, International has decided to sell their milling machine at an expected ..

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