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2) A company recently bought a new robot with a first cost of $240,000, and a depreciation lifetime of five years. Using a table for
2) A company recently bought a new robot with a first cost of $240,000, and a depreciation lifetime of five years. Using a table for the Modified Accelerated Cost Recovery System, please determine the depreciation amounts and book values for years 1-6. Also, if the robot is sold at the end of year 4 for $100,000, what would be the capital gain, depreciation recapture, or capital loss
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