Question: Question 11 Show your work. submit file A private company in New York bought office furniture and equipment at a cost of $240.000 The equipment

Question 11 Show your work. submit file A private company in New York bought office furniture and equipment at a cost of $240.000 The equipment is estimated to be 15% of the initial cost at the end of a depreciablete 1. Straight line depreciation method. a. Determine the book value for this asset at the end of years 4 b. Sold after 6 with 70,000. What is the depreciation recapture? 2. If it had been MACRS method, what would be book value after 4 years? - BIU A - A - IE 3 11 1 x x - Vw G * To 12pt Paragraph

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