How the estimated salvage is treated using MACRS

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Reference no: EM131884410

Question: A 120-metric -ton telescoping crane that cost $320,000 is owned by Upper State Power. Salvage is estimated at $75,000.

a. Compare book values for MACRS and standard SL depreciation over a 7-year recovery period

b. Explain how the estimated salvage is treated using MACRS?

Reference no: EM131884410

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