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11-46 An asset costing $50,000 was purchased on January A 1, 2019. Calculate any depreciation recapture, ordi- nary losses, or capital gains associated with
11-46 An asset costing $50,000 was purchased on January A 1, 2019. Calculate any depreciation recapture, ordi- nary losses, or capital gains associated with selling the equipment on December 31, 2021, for $15,000, $25,000, and $60,000. Consider two cases of depre- ciation for the problem: if 5-year MACRS is used, and if 100% bonus depreciation is used.
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Cost Accounting Traditions and Innovations
Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael
4th edition
324026455, 978-0324026450
