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a) straight line method b.) MARCS method after 4 years 1) A private company in New York bought office furniture and equipment at a cost
a) straight line method
b.) MARCS method after 4 years
1) A private company in New York bought office furniture and equipment at a cost of $240,000. The total salvage value of these equipment is estimated to be 25% of the initial cost at the end of a depreciable life of 8 years. Determine the book value for this asset at the end of years 4 and 6. Sold after 6 with 70,000. What is the depreciation recaptureStep by Step Solution
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