Richland Company purchased an asset in 2019 for $50,000 and sold it in 2022 . The asset was 7 year recovery property. Rochland's 2022 MACRS depreciatian on the asset was $6,245. Use table 7.2 Brue of Fnt Richland Company purchased an asset in 2019 for $50,000 and sold it in 2022 . The asset was 7 year recovery property. Rochland's 2022 MACRS depreciatian on the asset was $6,245. Use table 7.2 Brue of Fnt