Solution-How much recaptured depreciation would result

How much recaptured depreciation would result

Reference no: EM131108410

A few years ago, Largo Industries implemented an inventory auditing system at an installed cost of $175,000. Since then, it has taken depreciation deductions totaling $124,250. What is the system's current book value? If Largo sold the system for $110,000, how much recaptured depreciation would result?

Reference no: EM131108410

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How much recaptured depreciation would result

Reference no: EM131108410

Reference no: EM131108410

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