Your company just purchased a bar-code system for $70,000. It has a five-year MACRS class life. The
Question:
Your company just purchased a bar-code system for $70,000. It has a five-year MACRS class life. The expected market value of the bar-code system in 3 years is $32,000. What is the gain (or loss) when this asset is sold at end year 3?
(a) $11,840
(b) $5,120
(c)−$1,600
(d) $11,120
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The book value at EOY 3 is 70000 70000 x 020...View the full answer
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Related Book For
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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