Question: Consider a five-year MACRS asset purchased at $80,000. (A five-year MACRS property class is depreciated over six years due to the half-year convention. The applicable

Consider a five-year MACRS asset purchased at $80,000. (A five-year MACRS property class is depreciated over six years due to the half-year convention. The applicable s would be $40,000 in year 3, $30,000 in year 5, and $10,000 in year 6.) Compute the gain or loss amounts when the asset is disposed of in
(a) Year 3
(b) Year 5
(c) Year 6

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