PAVITRAKUMAR NILESHKUMAR PATEL & 01/20/219.59 PM E Test: Test 2 Question 5 This Test: 23 pts possible Submit Test 1 of 1 (Capital gains tax) The J. Harris Corporation is considering selling one of its old assembly machines. The machine, purchased for $20,000 6 years ago, had an expected life of 10 years and an expected salvage value of zero. Assume Harris uses simplified straight-line depreciation (depreciation of $2.000 per years and could sell this old machine for $28,000. Also, assume Harris has a 33 percont marginal tax rate a. What would be the taxes associated with this sale? b. If the old machine were sold for $18,000, what would be the taxes associated with this salo? c. If the old machine were sold for $8,000, what would be the taxes associated with this sale? d. If the old machine were sold for $5,000, what would be the taxes associated with this sale? SE a. If the old machine were sold for $28,000, there would be b. If the old machine were sold for $18,000, there would be $ Round to the nearest dollar and select from the drop-down menu) (Round to the nearest dolar and select from the drop-down menu) (Round to the nearest dollar and select from the drop-down menu) c. If the old machine were sold for $8,000, there would be s d. If the old machine were sold for $5,000, there would be $ (Round to the nearest dollar and select from the drop-down menu) Rof