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R&T IncMade the Following Sales of Capital Assets This Year

Question 20

Multiple Choice

R&T Inc.made the following sales of capital assets this year. R&T Inc.made the following sales of capital assets this year. What is the effect of the three sales on R&T's taxable income this year? A) $21,600 increase B) $12,900 increase C) No effect D) None of the choices are correct What is the effect of the three sales on R&T's taxable income this year?


A) $21,600 increase
B) $12,900 increase
C) No effect
D) None of the choices are correct

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