Question: 2 ) An asset costing $ 5 0 , 0 0 0 was purchased on January 1 st , 2 0 1 9 . Calculate

2) An asset costing $50,000 was purchased on January 1st,2019. Calculate the depreciation recapture ordinary losses, or capital gains associated with selling the equipment on December 31st in 2021 for $15,000, $25,000, and $60,000. Consider that the item is a 5-year MARCS. BV = $50,000

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