An equipment costing 20000 for assembling an electronics, Financial Accounting

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An equipment costing 20000 for assembling an electronics

An equipment costing $20,000 for assembling an electronics assembly is being considered by Benny Inc. in Beaverville, OR. The equipment falls under three-year property class as per MACRS depreciation method. The equipment will have a salvage value of $5000 at the end of its life. If the equipment is sold at the end of 3 years for $8000, find the recaptured depreciation (capital gain) using: a. MACRS: b. SOYD: c. Straight line:

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Financial Accounting: An equipment costing 20000 for assembling an electronics

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Financial Accounting: An equipment costing 20000 for assembling an electronics

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