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Business, 28.11.2019 05:31 375025

National geographic is replacing an old printing press with a new one. the old press is being sold for $350,000 and it has a net book value of $75,000. assume that national geographic is in the 30% income tax bracket. what is the tax implication of the proceed of the sale of the old press? round to the nearest penny. if tax liabilities, type a negative sign in front. do not include a dollar sign in your answer. (i. e. if your answer is tax liabilites of $8,765,43, type -8765.43; if tax shield of $8,765.43, type 8765.43).

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National geographic is replacing an old printing press with a new one. the old press is being sold f...
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