An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be
Question:
An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated SV for depreciation purposes is to be $25,000. If MACRS depreciation is used, the recovery period of the equipment using the GDS guidelines is
(a) 3 years
(b) 5 years
(c) 7 years
(d) 10 years
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From Table 72 the GDS recovery period is 10 years asset class 133 Table 72 Select d Asset Class 0011 ...View the full answer
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Related Book For 
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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