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Net from the Sale

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Famous Danish Corp is replacing an old cookie cutter with a new one. The cookie cutter is being sold for 25,000 and it has a net book value of 75,000. Assume that Famous Danish is in the 34% income tax bracket. How much will Famous Danish net from the sale?

a.61,000 b 55,000 c. 75,000 d. 42,000

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Famous Danish Corp is replacing an old cookie cutter with a new one. The cookie cutter is being sold ...

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