Given the following information, enter the value for the item below and calculate the taxes due on sale for the following fully taxable sale (25 points):

• Net Sale Proceeds: $1,500,000,
• Prior Purchase Price: $830,000,
• Depreciation Recapture: $150,000,
• Additional Capital Expenditures: $76,000,
• Capital Gain Tax: 15%, and
• Depreciation Recapture Tax: 25%.

Find the following

(DO NOT COPY OFF OTHER ANSWERS ON CHEGG PLEASE SHOW WORK AND MAKE ANSWERS CLEAR)

Gross book value:

Book value:

Capital gain:

Tax liability for capital gain:

Tax liability for claimed depreciation:

Total tax due: