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A few years ago, Largo Industries implemented an inventory auditing system at an installed cost of $172,000. Since then, it has taken depreciation deductions
A few years ago, Largo Industries implemented an inventory auditing system at an installed cost of $172,000. Since then, it has taken depreciation deductions totaling $122,120. What is the system's current book value? If Largo sold the system for $109,000, how much recaptured depreciation would result? The current book value is $ (Round to the nearest dollar.)
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To find the current book value we can use the formula Current Book Value Original Co...Get Instant Access to Expert-Tailored Solutions
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