An asset with a first cost of $350,000 three years ago is sold for $385,000. The asset

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An asset with a first cost of $350,000 three years ago is sold for $385,000. The asset was depreciated by the MACRS method and has a book value of $100,800 at the time of sale. Determine the capital gain and depreciation recapture, if any.

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:35 AM

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An asset with a first cost of $350,000 three years ago is sold for $385,000. The asset

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Engineering economy

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