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AC/256 AC256 AC 256 Unit 5 Discussion

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AC 256 Unit 5 Discussion Vincent pays $20,000 for equipment to use in his trade or business. He pays sales tax of $800 as a result of the purchase. Must the $800 tax be capitalized as part of the purchase price? Vincent’s friend tells him that capital gains tax is discriminatory in that it is imposed upon individuals who can afford to buy capital assets. Do you agree or disagree? Why? Why not? Be sure to include definitions of capital asset and capital gain in your response. Accounts Assignment Help, Accounts Homework help, Accounts Study Help, Accounts Course Help

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