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Need step by step solution Answers are: a)52479 loss w/ 50% final depreciation; b) 63 333 loss; c) 41 429 loss; d) 44 297 loss
Need step by step solution
Answers are:
a)52479 loss w/ 50% final depreciation; b) 63 333 loss; c) 41 429 loss; d) 44 297 loss
Need step by step solution.
11-60 A belt-conveyor purchased for $140,000 has ship- ping and installation costs of $20,000. It was $25,000 after paying $5000 for dismantling. Instead, it lasted 4 years, and several workers were permitted to take it apart on their own time for reassembly at a private technical school. How much gain, loss, or recaptured depreciation is there? Assume (a) 7-year MACRS depreciation (c) Sum-of-years'-digits (SOYD) depreciation (d) 150% declining balance depreciation
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