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Question 9 ) An electrical appliance company purchased an industrial robot costing $ 3 2 0 , 0 0 0 in year 0 . The

Question

9)

An electrical appliance company purchased an industrial robot costing $

320, 000

in year

0 .

The industrial robot is classified as a seven

-

year MACRS recovery property. If the robot is to be sold after five years, compute the capital gain or loss if the salvage value at end of year

5

is $

200, 000 .

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