Question: Project Management 3. O'Leary Engineering Corp. has been depreciating a $50,000 machine for the last 3 years. The asset was just sold for 60% of

Project Management

3. O'Leary Engineering Corp. has been depreciating a $50,000 machine for the last 3 years. The asset was just sold for 60% of its first cost. What is the size of the recaptured depreciation or loss at disposal using following depreciation methods. (a) Sum-of-years' digits with N = 8 and S = 2000 (b) Straight line depreciation with N = 8 and S = 2000 (c) MACRS GDS depreciation, classified as a 7-year property

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