Determine the depreciation schedule and book value over
Problem
You purchased a 5-year property class item for $50, 000.
a) Determine the depreciation schedule and book value over this time period.b) After using this item for 3 years you sold it for $4, 000. What is your gain or loss for tax purposes?
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problemyou purchased a 5-year property class item for 50 000a determine the depreciation schedule and book value over
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