an equipment purchased at a cost80000 by a local company is being depr
An equipment purchased at a cost$80,000 by a local company is being depreciated using MACRS method as a5-year property. At the end of four years, the management decided to sell the equipment for a modest price of$20,000. The company is in the 34%tax bracket. Compute the tax consequence on the sale of this equipment. $2,100 O $926.40 O $6,800 O None of the options
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