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Johnson Machine Corporation bought a $50,000 machine and has been depreciating it for the last 3 years. The machine was just sold for 60% of
Johnson Machine Corporation bought a $50,000 machine and has been depreciating it for the last 3 years. The machine was just sold for 60% of its first cost. What is the size of the recaptured depreciation or loss at disposal using the following depreciation methods? Sum-of-years' digits with N = 8 and S = $2,000 Straight-line depreciation with N = 8 and S = $2,000 MACRS depreciation, classified as a 7-year property
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