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A taxable gain occurs when an asset is sold for more than its book value....

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Accounting

A taxable gain occurs when an asset is sold for more than its book value. For capital budgeting purposes, the taxes on the sale

a. are added to the sales price

b. are a noncash event similar to depreciation

c. are subtracted from the book value

d. are subtracted from other taxes

e. are subtracted from the sales price

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