E113 A few years ago, Largo Industries implemented an inventory auditing system at an installed cost of
Question:
E11–3 A few years ago, Largo Industries implemented an inventory auditing system at an installed cost of $175,000. Since then, it has taken depreciation deductions totaling
$124,250. What is the system’s current book value? If Largo sold the system for
$110,000, how much recaptured depreciation would result?
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Related Book For 
Principles Of Managerial Finance
ISBN: 9780133546408
7th Edition
Authors: Lawrence J Gitman, Chad J Zutter
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