Determine the loss gain or recapture of macrs depreciation, Business Economics

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Determine the loss gain or recapture of macrs depreciation

A machine purchased by the Bee Buzz saw Company originally cost $245,000. Delivery and installation charges amounted to $5000. The declared salvage value was $25,000. Early in year 4, 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 $90,000. Determine the loss, gain, or recapture of MACRS depreciation on the sale. The ADR is 12 years for this machine.

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Business Economics: Determine the loss gain or recapture of macrs depreciation

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