question archive Noah bought a machine for $175,000, depreciated it $27,786, and sold it for $259,100
Noah bought a machine for $175,000, depreciated it $27,786, and sold it for $259,100
Subject:AccountingPrice: Bought3
Noah bought a machine for $175,000, depreciated it $27,786, and sold it for $259,100. Noah's marginal tax rate is 32%.
What is the tax Noah will pay on the sale of the machine?
