Considering the sale of two non depreciable assets

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Perkens manufacturing is considering the sale of two non depreciable assets, X and Y. Asset X was purchased for 1,800 and will be sold today or 2,240. Asset Y was purchased for 30,100 and will be sold today for 35,900. The firm is subject to a 40% tax rate on capital gains.

Reference no: EM13976113

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