Calculate any depreciation recapture and ordinary losses

Reference no: EM132165585

Question - Equipment costing $20,000 that is a MACRS 3- year property is disposed of during the second year for $14,000. Calculate any depreciation recapture, ordinary losses, or capital gains associated with disposal of the equipment.

Reference no: EM132165585

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Calculate any depreciation recapture and ordinary losses : Equipment costing $20,000 that is a MACRS 3- year property is disposed of during second year for $14,000. Calculate any depreciation recapture, ordinary losses

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