Problem
A computer costs $9500 and its salvage value in 5 years is negligible. What is the book value after 3 years? If the machine is sold for $1500 in Year 5, how much gain or recaptured depreciation is there? Assume
(a) MACRS depreciation
(b) Straight-line depreciation
(c) Sum-of-the-years'-digits (SOYD) depreciation
(d) Double declining balance depreciation.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.