You get to keep after taxes when property is sold

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Reference no: EM131584410

Your company bought some property in Colorado for exist175,000. Of the exist175,000, exist100,000 is depreciable buildings which will be depreciated over 10 years using SL with no salvage, the remaining exist75,000 is for the land on which the building is located. Tax rates are 15% on capital gains and 36% on ordinary income. You plan to sell this property in four years. Estimated sale price then will be exist310,000. How much will you get to keep after taxes when the property is sold in four years?

Reference no: EM131584410

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