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You sold an automobile at a price of $14,000. The automobile was purchased three years ago for $20,000. The car had been depreciated according to
You sold an automobile at a price of $14,000. The automobile was purchased three years ago for $20,000. The car had been depreciated according to a five-year MACRS property class, and the book value was $5,760. What is the amount of economic depreciation?
Choose from The following, show your work.
$6,000 $12,000 $17,760 $34,000
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