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A manufacturer of aerospace products purchased four flexible assembly cells for $520,000 each. Delivery and insurance charges were $33,000, and installation of the cells cost
A manufacturer of aerospace products purchased four flexible assembly cells for $520,000 each. Delivery and insurance charges were $33,000, and installation of the cells cost another $55,000. a. Determine the cost basis of the four cells. b. What is the class life of the cells? c. What is the MACRS depreciation in year seven? d. If the cells are sold to another company for $130,000 each at the end of year seven, how much is the recaptured depreciation? Click the icon to view the partial listing of depreciable assets used in business. Click the icon to view the GDS Recovery Rates (k). a. The cost basis of the four cells is thousand. (Round to the nearest whole number.) b. The class life of the cells is years. (Round to the nearest whole number.) c. The MACRS depreciation in year seven is sthousand. (Round to the nearest whole number) d. The recaptured depreciation is thousand. (Round to the nearest whole number.)
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