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Business, 24.10.2021 01:00 marissasabino111

A purchased machine cost $320,000 with delivery and installation charges amounting to $30,000. The declared salvage value was $50,000. Early in Year 3, the company changed its product mix and found that it no longer needed the machine. One of its competitors agreed to buy the machine for $180,000. Determine the loss, gain, or recapture of MACRS depreciation on the sale. The ADR is 12 years for this machine.

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