(Figure: Business Decision to Shut Down 2) In the figure, this firm should:
Definitions:
Plant Asset
A plant asset is a long-term tangible asset used in the operation of a business that is not intended for resale, such as machinery, buildings, and equipment.
Market Value
The immediate cost at which one can buy or sell a service or asset.
IRS
The Internal Revenue Service, the U.S. federal agency responsible for administering and enforcing the tax laws and collecting federal taxes.
Tax Return
A form or forms filed with a government body reporting income, expenses, and other pertinent tax information, used to calculate tax liability.
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