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Question 9, HW Score: Homework: Chapter Problem 11-4 25.74%, 8.75 of (similar to) 34 points 11 Assignment Save References Part 1 of 4 Points: 0.75 of 3 Aav A (Capital gains tax) The J. Harris Corporation is considering selling one of its old assembly machines, The A machine, purchased for $48,000 7 years ago, had an expected life of 12 years and an expected salvage value of zero. Assume Harris uses simplified straight-line depreciation (depreciation of $4,000 per year) and could sell this old machine for $40,000. Also, assume Harris has a 32 percent marginal tax rate. a. What would be the taxes associated with this sale? b. If the old machine were sold for $30,000, what would be the taxes associated with this sale? c. If the old machine were sold for $20,000, what would be the taxes associated with this sale? d. If the old machine were sold for $17,000, what would be the taxes associated with this sale? 9_Excel_ on! a. If the old machine were sold for $40,000, there would be $ (Round to the nearest dollar analyst for Cami and select from the drop-down menu.) n survey. As par e three national tax payments. tax savings. Excel. Download 9 Excel Cho8 C d your last name re the Employee late the frequency G5:G9. Get more help - Clear all Check