Question
A few yearsago, St Pete Industries implemented an inventory auditing system at an installed cost of $172,000. Sincethen, it has taken depreciation deductions totaling $122,120.
A few yearsago, St Pete Industries implemented an inventory auditing system at an installed cost of $172,000. Sincethen, it has taken depreciation deductions totaling $122,120. What is thesystem's current book value? If Largo sold the system for $105,000, how much recaptured depreciation wouldresult?
The current book value is $_____?
All of the information is there.
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
