What is the size of the recaptured depreciation or loss

Reference no: EM132165590

Question - O'Leary Engineering Corp. has been depreciating a $50,000 machine for the last 3 years. The asset was just sold for 60% of its first cost. What is the size of the recaptured depreciation or loss at disposal using the following depreciation methods?

(a) Sum-of-years'-digits with N = 8 and S = 2000.

(b) Straight-line depreciation with N = 8 and S = 2000.

Reference no: EM132165590

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