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An automated inspection system purchased at a cost of $120,000 by Kal Tech Engineering Systems was depreciated using the MACRS method. The system was sold

An automated inspection system purchased at a cost of $120,000 by Kal Tech Engineering Systems was depreciated using the MACRS method. The system was sold after 4 years for $50,000. Determine the capital recovery (Depreciation recapture) on this equipment. Possible answers: $50,000, $37,488, $12,512, $0

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