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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 on this equipment.

$12,512

$37,488

$50,000

$42,376

$62,354

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