Question: A numerically controlled milling machine was purchased for $95,00 four years ago The estimated salvage value was $15,00 after 15 years of depreciation? If the

A numerically controlled milling machine was purchased for $95,00 four years

A numerically controlled milling machine was purchased for $95,00 four years ago The estimated salvage value was $15,00 after 15 years of depreciation? If the machine is sold for $20,000 early in year 7, how much gain on sale or recaptured depreciation is there? Assume 7-year MACRS depreciation straight-line depreciation Sum-of-years-' -digits (SOYD) depreciation 150% declining balance depreciation

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