Question: No chart or excel please 11-50 A numerically controlled milling machine was pur- A chased for $95,000. The estimated salvage value was $15,000 after 15

No chart or excel please 11-50 A numericallyNo chart or excel please 11-50 A numericallyNo chart or excel please

11-50 A numerically controlled milling machine was pur- A chased for $95,000. The estimated salvage value was $15,000 after 15 years. What is the machine's book value after 5 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 (a) Straight-line depreciation (b) 150% declining balance depreciation (c) 80% bonus depreciation with the balance using 7-year MACRS depreciation (d) 7-year MACRS depreciation

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