Question: 9 . 3 6 Consider a five - year MACRS asset purchased at $ 8 0 , 0 0 0 . ( Note that a

9.36 Consider a five-year MACRS asset purchased at $80,000.(Note that a five-year MACRS property class is depreciated over six years due to the half-year convention. The applicable salvage values 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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