What alternatives should Timberlake consider

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Question - Timberlake Corporation has an opportunity to sell its manufacturing facility to Carroll Corporation for $4,500,000. The property has a basis of $2,000,000, and the prospective purchaser is willing to wait up to six months for occupancy to allow Timberlake time to locate and purchase new facilities. Timberlake's tax rate is 21 percent. What alternatives should Timberlake consider, and what are the tax consequences of the alternatives?

Reference no: EM133073547

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